CRAW Crawshaw

TIDMCRAW

RNS Number : 5939B

Crawshaw Group PLC

08 January 2015

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 28(th) 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.

END

Enquiries:

 
 Crawshaw Group plc 
 Lynda Sherratt                01709 369 600 
 
 Peel Hunt 
 Dan Webster, Richard Brown    020 7 418 8869 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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