6th Jan 2014 07:39
LONDON (Alliance News) - Meat retailer Crawshaw Group PLC Monday said it expects its full-year results to be materially higher than current market forecasts as it reported another strong increase in like-for-like sales.
In a statement, the company said like-for-like sales were up 21% in the seven weeks to December 29, at a higher gross margin. It had reported an 18% increase in like-for-like sales in the seven weeks from September 26.
Crawshaw added that costs were under control, while it had opened a new retail outlet in the new covered market in Sheffield November 25 which is trading well. It is also close to completing the lease on another retail premises in the same city.
"Our customers are spending more with us, and we have attracted a lot more customers," Chairman Richard Rose said.
"The improvements in trading performance are spread across most of our stores, and this gives me much confidence for the future. We are excited to have been able to restore our store expansion program, albeit in a very controlled manner," he added.
The company's financial year ends at the end of January.
By Steve McGrath; [email protected]; @SteveMcGrath1
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