CRAW Crawshaw

 

TIDMCRAW 
 
RNS Number : 4987O 
Crawshaw Group PLC 
09 March 2009 
 

 
 
 
 
 
 
 
 
 
 
Crawshaw Group plc 
 
 
9 March 2009 
 
 
Pre close trading statement 
Crawshaw Group plc ("Crawshaw" or the "Company"), the meat focused retailer, 
expects to announce its results for the year ended 31 January 2009 on 12 May 
2009. 
 
 
In the second half of the financial year ended 31 January 2009, Crawshaw has 
continued to trade in line with management's expectations.  Like for like sales 
in Q3 were ahead by 5% and in Q4 ahead by 6%. Gross margin was slightly behind 
budget as certain input prices were high and management decided to absorb the 
increase as they expect these input prices to revert back to lower levels 
shortly. 
 
 
Like for like sales for the first 4 weeks of the current year are up and in line 
with budget. A total of five new stores have now been opened since summer 2008. 
They are making excellent progress with their performances to budget for the 
first month of the current financial year being 108%, 101%, 105%, 95%, and 167% 
respectively. Two further new stores are expected to open over the coming weeks. 
 
 
These new stores cover a variety of different locations and formats and the 
board now wish to postpone opening further new stores until late summer 2009 in 
order that the financial returns of each store type may be fully evaluated - in 
doing this the management team believe it can maximise returns on future new 
stores. Additionally, the board feels this cautious approach is appropriate in 
the current external financial environment. 
 
 
The Company confirms that it has renegotiated the terms of its GBP2.5 million 
revolving credit facility with the Royal Bank of Scotland plc.  As a result, the 
term of the facility has been extended to 30 June 2010. 
 
 
 
 
Enquiries: 
 
Crawshaw Group plc 07836 250 474 
Richard Rose 
 
 
Investec Investment Banking    0207 597 5970 
Martin Smith / Duncan Williamson 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 TSTDQLFBKXBZBBE 
 

Crawshaw (LSE:CRAW)
Historical Stock Chart
From Jun 2024 to Jul 2024

Crawshaw (LSE:CRAW)
Historical Stock Chart
From Jul 2023 to Jul 2024