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Greggs is regaining momentum, with H1 2026 revenue up 7.2% and operating profit up 22.9%, signaling effective cost management and market-share gains. I see the company's expansion strategy as prudent, with 100-110 net new openings and Derby's new capacity supporting long-term growth despite near-term cost pressures. Greggs 3.7% dividend yield exceeds its five-year median, backed by solid coverage and improving free cash flow, making it attractive for income-focused investors.