News blog
Crawshaw Group
- BY: Andrew Hore |
- POSTED: 25/06/2012 |
Meat and deli products retailer Crawshaw Group has more than made up for the decline in like-for-like sales in the first half of 2011.
There was a 2% decline in like-for-like sales up until the middle of June 2011, while this year there has been a 4% increase over a similar period. The growth rate is holding up this month even though there has been a lack of barbeque sales.
The share price increased 0.62p to 2.88p a share, valuing Crawshaw at £1.66m.
Margins are slightly higher than last year, when they were hit by meat price rises. The overall trading is ahead of expectations.
Crawshaw is concerned that the changes to VAT on cooked products could still have an adverse effect on sales.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJune2012_33.pdf
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