Who are we?

Our operating company, Crawshaw Butchers, currently has 20 retail outlets and two distribution centres across Yorkshire, Humberside, Nottinghamshire and Lincolnshire.

In line with our growth strategy we have now successfully launched eight new shops in Retford, Castleford, Chesterfield, Mansfield, Huddersfield, Doncaster, Bramley and more recently, Derby.

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Crawshaws Fundamentals (CRAW)

29th September 2015

Interim Results Crawshaw Group PLC (“the Company”), the fresh meat and food-to-go retailer, today reports its interim results for the 6 months ended 31 July 2015.

Highlights
• 41% rise in Adjusted EBITDA1 to £1.2 (2014 : £0.9m)
• EBITDA £0.5m (2014 : £0.9m)
• 42% increase in group turnover to £16.7m (2014: £11.8m)
• 44% increase in gross profit to £7.5m (2014 : £5.2m)
• Adjusted Profit before tax2 up 27% to £0.9m (2014: £0.7m) and Adjusted Earnings per share3 up 26% to 1.102p (2014: 0.874p)
• Reported Loss Before tax of -£0.1m (2014 : £0.7m)
• Cash balances of £6.0m at 31st July 2014 (31st January : £9.1m

Richard Rose, the chairman, said; "Crawshaw Group has delivered a strong performance for the six months to 31 July 2015 with significant trading momentum and profit growth.

"During the half year under review we acquired Gabbotts Farm Ltd, consisting of 11 retail butchers shops, and a factory shop attached to a small distribution centre in the North West of England. We are delighted with both the strategic / geographical fit, and its performance to date. It was quickly fully integrated, is being re-branded, and its trading performance is extremely encouraging.

"As we gear up to deliver our significant expansion plans we are incurring a number of planned Accelerated Opening Costs. As these costs are to build the platform for future growth, we have reported an Adjusted EBITDA number to provide transparency on our underlying performance.

"I am pleased to report a 41% increase year on year on this measure, with the legacy business converting sales at an Adjusted EBITDA of 14%. New store performance continued to provide much encouragement with two new stores opened in the period under review.

"Of particular note is the performance of our two most recent stores, Bolton and Worksop, which most closely represent our rollout concept. Both stores opened well and are trading ahead of our expectations with early indications they will outperform our 'base case' profitability assumptions.

"Since my last statement at the end of June we have seen a significant improvement in sales momentum as a result of a number of initiatives launched by new management.

"This has strengthened our LFL performance from -2.2% in Q1 to +3.5% in Q2. I am pleased to note that this has continued into H2 with the first 7 weeks of the period showing LFLs at +6.7%. This improvement is being seen across the whole Crawshaw and Gabbotts store portfolio and so is particularly encouraging.

And again @76p76.50p.

77p! :o)

Done a bit of shopping there today...some good buys!

That's good to hear! There are no shops near enough for me. Not yet! :o)

Pop! 82.50p

I should have got myself a bigger slice of this pie!

Yes me too - always the way - but a safer approach long term.

True, seems a safe share so no chance of not making a sausage out of it! :o)

Its certainly not pie in the sky....... I'll get me coat!

Lol!

Up again, 84p.

StockMarketWire.com

Crawshaw Group anticipates its FY results to Jan. 31, 2016, will be in line with market expectations.

It said 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.

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 29th September 2015 to the 3rd 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 31st 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".

The recent share price decline presumably reflects concerns that sales might be dented by floods in so many northern towns and villages, reducing footfall, and by floods at farms supplying meat. The fact that they've made any LfL gain at all in those circumstances is encouraging.

Nice and steady!

Small mention in Mail.

SP has been drifting lately but could start to rise again soon, CRAW will be opening a new store in Cannock soon, their 41st and they have a new,much better website:- http://http://www.crawshawbutchers.com/ There is a long way to go before they achieve their target of 200 stores but slow(ish) and steady is the way!

SP on the move up again, new stores opening and results due on the 28th. Not sure how far the SP can go, is it already at the top or is there more to come?

Crawshaw's 45th store, it's largest to date, is to be opened in Leicester next month. The Premier League Champions-elect will be able to buy lots of juicy steaks to keep their strength up! :o)

Full year results on 27 April.