Friday, March 7, 2014

News: Crawshaw reports strong sales

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Crawshaw, the Rotherham-based meat-focused retailer, has reported that it expects to be even further ahead of market expectations after its period of strong trading continues.

The Bradmarsh Business Park group recently reported on an excellent Christmas trading period, which would result in profit for the year being "materially higher than current market expectations."

Now the chairman, Richard Rose has reported that in the weeks since then, leading up to the year end January 31 2014, both sales and margin were particularly strong.

The performance follows from the financial results for the six months to the end of July 2013 when Crawshaws reported an increase in sales and profit indicating that it has established its recovery in difficult High Street trading conditions and is overcoming government changes to the rules on VAT.

This week the AIM-listed group added that they expect profits for the full year to January 31 2014 to be further ahead of current market expectations and that strong growth has continued into its new financial year.

Established in 1954, the firm has been trading on the stock market since 2004. It was acquired by Felix Group plc in 2008. It has 20 retail outlets throughout Yorkshire, Lincolnshire, Nottinghamshire and Humberside and two distribution centres, in Rotherham and Grimsby.

Crawshaw said last year that it was considering restarting its store expansion programme on the back of increases in gross profit, profit before tax and overall sales. A new store on the redeveloped Moor in Sheffield city centre is set to open at the end of March.

Crawshaw website

Images: Crawshaw

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