26 Jun 2009 12:10
Friday 26 June 2009
CRAWSHAW GROUP PLC - AGM STATEMENT
At this afternoon's AGM of Crawshaw Group PLC, the meat focussed retailer, the Chairman, Richard Rose, made the following remarks with regard to current trading.
In my Chairman's statement of the 12th May, 2009, I detailed the effects that high input prices and the promotional activities at our new stores were having on retail gross margins. Whilst the promotional activity has ceased, margin continues to be adversely affected by high input prices across most product categories. In line with my statement in May, the Board continues to keep the situation under review.
We opened our 20th store on 11th June and I am pleased to report that it is trading in line with expectation.
All resolutions were duly passed today.
END
Enquiries:
| Crawshaw Group plc | |
| Richard Rose | 07836 250 474 |
| Investec Investment Banking | |
| Martin Smith / Duncan Williamson | 0207 597 5970 |