24 Feb 2015 07:00
Tuesday 24th February, 2015
Crawshaw Group Plc
Trading Update
Crawshaw Group Plc ("Crawshaw" or the "Company"), the meat focussed retailer, provides the following update on trading.
Like for like sales for our financial year ending January, 2015 were up 5% building further on the increase of 11% in the previous year.
On the 8th of January we reported that cash margins had increased year on year. Further to this, and despite making some investment in our growth plan in the year, we now expect the out turn for the full year to end January 2015 to be materially higher than the current market forecast. The investment in our growth plan will accelerate further in the year to January 2016 as planned.
Richard Rose, Chairman of Crawshaw, commented: "Our average spend continues to increase reflecting the excellent quality and value we offer. All our stores are profitable and we are excited about the planned shop openings in the near future plus the arrival of our new CEO in the next week."
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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 | |