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Cranswick - Results due 24 May

April 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CWK
  • Price:
  • 566p
Ahead of results on 24 May, Cranswick has issued a trading statement saying it expects results to be in line with current consensus expectations despite some challenges in Q4.  Sales in the food side were up 17% (excluding Perkins which was acquired in January) with fresh pork, charcuterie and sandwiches continuing to show particularly strong growth but this has been offset by problems in the loss-making animal feeds business which have since been fixed. Perkins Chilled Foods continues to integrate well. Numis has shaded its top-of-the-range forecast for the year to 31 March from £24.9m to £23.5m (eps 38.6p). Its forecast for next year is shaded from £33.0m to £30.0m (eps 47.3p). ...

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