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17 Jan 2012 07:00
Crawshaw Group plc
Christmas Trading update
Crawshaw Group plc ("Crawshaw" or the "Company"), the meat focussed retailer, provides the following update on current trading.
On 4th October 2011 we reported our half year results, and stated that in the 8 weeks since that half year end like for like sales had declined by 10%. We also stated our determination to reverse this decline citing a number of actions being taken by management.
We are therefore now pleased to report that sales have been improving since then, and that Christmas trading was much improved, with total sales for the 5 weeks to 1st January 2012 up 9% on the previous year with LFL sales on our legacy estate up 3% and LFL sales at our newer stores up 7% over the same period.
We anticipate that our full year trading profit and cash generation will be in line with management expectations.
END
Enquiries:
Crawshaw Group plc |
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Lynda Sherratt | 01709 369 602 |
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W H Ireland Limited |
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Robin Gwyn | 0161 832 2174 | |
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