CRAW Crawshaw

 

TIDMCRAW 
 
RNS Number : 6571Y 
Crawshaw Group PLC 
07 September 2009 
 

 
 
 
 
 
 
 
 
 
 
Crawshaw Group plc 
 
 
7 September 2009 
 
 
Notification of Interim Results & Trading Update 
Crawshaw Group plc ("Crawshaw" or the "Company"), the meat focused retailer, 
expects to announce its interim results for the six months ended 31 July 2009 on 
13th October 2009. 
 
 
Sales in recent weeks have been disappointing across all our units reflecting 
reduced consumer confidence, poor weather, relatively high product prices and 
reduced high street footfall.  This has resulted in a 12% fall in "like for 
like" sales in recent weeks when compared to the same period in 2008 when the 
Company was not impacted by the factors referred to above 
 
 
Overall like for like sales for the six months ended 31st July were down 3% and 
the Company has reduced its expectations for the full year to reflect a 
continuation of the current trading environment. 
 
 
Earlier in the year we reported that our gross margin was 4 percentage points 
lower than planned. We are now pleased to report that in recent months we have 
seen a consistent improvement in gross margin such that it is now back to 
expected levels. 
 
 
Primarily as a result of the sales performance the Company now expects that its 
profits for the year to 31 January 2010 will be below expectations but the 
business remains cash generative and profitable. 
 
 
 
 
Enquiries: 
 
Crawshaw Group plc07836 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 
 
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