8 Jan 2015 07:00
Thursday 8th January 2015
Crawshaw Group plc
Christmas Trading update
Crawshaw Group plc ("Crawshaw" or the "Company"), the meat focussed retailer, provides the following update on current trading.
Trading for the 9 weeks to 28th December was in line with management expectations. Like for like sales for the period were down 3%, but the Company had budgeted for this small decrease given that sales for the comparable period last year were particularly strong, rising by 21%. Gross margin in the period has showed a further improvement of 1% over the prior year and therefore the Company's cash margin has increased year on year.
Year to date like for like sales are up 6%.
We anticipate that the Company's full year profit and cash generation will be in line with expectations.
Richard Rose, Chairman, commented: "Our customers continue to appreciate our quality and value and so customer satisfaction remains high. Our new factory shop has got off to a great start and is trading above expectation giving us much confidence as we plan our accelerated store opening program.
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Enquiries:
Crawshaw Group plc |
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Lynda Sherratt | 01709 369 600 |
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Peel Hunt |
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Dan Webster, Richard Brown | 020 7 418 8869 | |