CRAW Crawshaw

TIDMCRAW

RNS Number : 2145L

Crawshaw Group PLC

08 January 2016

Friday 8th January, 2016

Crawshaw Group Plc

Trading Update

Crawshaw Group Plc ("Crawshaw", the "Company" or the "Group"), the fresh meat and food-to-go retailer, provides the following update on trading for the 15 week period since our last update on 29(th) September 2015 to the 3(rd) January 2016.

Total group sales were up 64% in the 15 week period versus the prior year, and are up 52% year to date. Like-for-like sales for the same period were up 0.8% versus the prior year, and are up 1.7% year to date.

The sales growth has been converted well with cash gross margin increasing by 65% in the 15 week period versus the prior year, and 55% year to date. This has been supported by the gross margin strengthening by 80 basis points over the same year to date period.

The Board therefore anticipates that the full year results ended 31(st) January 2016 will be in line with market expectations.

Chief Executive Officer, Noel Collett, comments:

"We are delighted to be able to report such strong sales performance as our growth strategy continues to rapidly enhance sales and profitability. Our growth plan is progressing very well and is on track with an increase of 17 stores for the current financial year taking our portfolio to 39 stores. We are also pleased with the positive like-for-like performance in our mature stores, particularly given the disruption and challenging high street footfall patterns caused by the prolonged adverse weather conditions in the North of England. Clearly our growth is very exciting for the business and we look to the next financial year with energy and confidence".

Enquiries:

Crawshaw Group plc

   Noel Collett, Alan Richardson                                          01709 369 600 

Peel Hunt LLP

   Dan Webster, Adrian Trimmings, George Sellar                020 7418 8900 

This information is provided by RNS

The company news service from the London Stock Exchange

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