Greggs: are buybacks on the menu again? JPMorgan thinks so

Greggs PLC (LSE:GRG) has prompted fresh optimism from analysts after stronger-than-expected sales growth suggested pressure on customer volumes may be easing, with some brokers now pointing to the potential for future share buybacks. The bakery chain reported like-for-like sales growth of 2.5% for the first 19 weeks of 2026, accelerating to 3.3% in the most recent 10 weeks despite tougher comparisons and a still uncertain consumer backdrop.