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Crawshaw Group

  • BY: Andrew Hore |
  • POSTED: 19/11/2013 |

Meat and deli products retailer Crawshaw Group says that year-on-year like-for-like sales have grown 18% since the end of September.

The share price jumped by one-fifth to 12.75p, which values Crawshaw at 7.37m. The share price has trebled within six months.

The gross margin has improved on the higher sales. The improvement is spread across the stores. In the eight weeks to 26 September, like-for-like sales were 10% ahead helped by good barbecue weather.

In the six months to July 2013, revenues improved from 9.3m to 9.8m. Profit trebled to 299,000.
Net cash was 339,000 following the generation of 513,000 from operating activities. An interim dividend of 0.09p a share had been paid.

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