Crawshaw Group PLC AGM Statement (8945Q)
June 23 2015 - 2:01AM
UK Regulatory
TIDMCRAW
RNS Number : 8945Q
Crawshaw Group PLC
23 June 2015
Tuesday 23 June 2015
Crawshaw Group Plc
AGM trading and strategic update
At this afternoon's AGM of Crawshaw Group PLC, the fresh meat
and food to go retailer, the Chairman, Richard Rose, will give the
following trading and strategic update:
In the 8 weeks since my last statement on the 23(rd) April, LFL
sales for the extended group are up 2.3%, building further on the
increase of 6.4% achieved over the same period last year. This
strong trading performance is spread across our combined store
portfolio and we have seen positive growth in both customer numbers
and average spend.
The initial integration of Gabbotts Farm Ltd has been very
smooth and we are well underway with developing the customer
proposition in all stores. The post-integration initiatives have
enhanced our sales and profitability, and we will continue with the
operational synergies and extension of the supply chain
network.
Our growth plan is progressing very well and is on track. We
have recently opened a new store in Leeds, the Bolton store will
open in July, and a further 4 stores are planned to open before
Christmas. This growth, including the Gabbotts Farm acquisition,
represents an increase of 17 stores for the financial year and will
take our portfolio to 39 stores.
Richard Rose, Chairman of Crawshaw, commented: "Our sales,
customer numbers and average spend continue to increase reflecting
the excellent quality and value we offer. Under the leadership of
our new CEO Noel Collett, the board continue to build and develop
the resource, infrastructure and initiatives to grow sales within
the existing estate and deliver the roll out strategy in a
controlled and disciplined manner. It is a very exciting time for
the business and we look to the future with great confidence."
END
Enquiries:
Crawshaw Group plc
Noel Collett, Lynda Sherratt 01709 369 600
Peel Hunt LLP
Dan Webster, Richard Brown, George Sellar 020 7 418 8869
This information is provided by RNS
The company news service from the London Stock Exchange
END
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