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.

Company Website

Latest Announcements

Recent Broker notes

BarChart Indicators

Recent Market news

Crawshaws Fundamentals (CRAW)

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.

Cheers skinny, I was told the 28th, informant now out of a job! :o)

Final Results

Financial Highlights:
• Turnover up +51% to £37.1m (2015: £24.6m)
• LFL sales growth of +1.8% (2015: +5%)
• Adjusted** EBITDA up +45% to £2.6m (2015: £1.8m)
• EBITDA* £1.0m (2015: £1.6m)
• Statutory loss before tax of £0.3m (2015: Profit before tax £1.2m), in line with plan and reflecting investment for accelerated expansion
• Cash balances of £4.9m at 31 January 2016 (£9.1m at 31 January 2015) following the acquisition of Gabbotts Farm
• Final dividend of 0.47p (2015: 0.47p)

* EBITDA is defined by the Group as profit/loss before tax, exceptional items, depreciation, amortisation, profit/(loss) on disposal of assets, net finance costs and share based payment charges attributable to the LTIP Growth Share Scheme.
** Adjusted EBITDA is defined by Group as EBITDA before "accelerated opening costs". Accelerated opening costs are defined by the Group as the overhead investment in people, processes, systems and new store pre-opening costs i.e. costs directly associated with our accelerated store opening programme. In the period these costs amounted to £1.6m (2015: £0.2m) resulting in an adjusted EBITDA of £2.6m (2015: £1.8m).

Strategy Highlights:
• Transformative year with the new management team and the appropriate infrastructure in place to deliver the rapid growth plan
• Significant investment in the rebranding of the legacy estate and standardisation of the retail proposition complete ahead of the new store rollout
• Record levels of premium quality homemade produce sold after investment in our unique vertically integrated concept
• 17 stores added in the year and performing in line with expectations
• Extensive property pipeline will deliver 15 new stores in current year, including further expansion into Yorkshire/North West heartlands and entering Midlands/Birmingham area

Chief Executive Officer, Noel Collett, comments:
"We are pleased to report another set of solid results for the business and are delighted with the significant progress we've made during a very transformative year. We have proved that customers love our compelling retail concept, delivering quality fresh meat and food-to-go at exceptional prices. With strong foundations now in place, we are well positioned to build on our current position and establish Crawshaws as a national brand."

Peel Hunt Buy 83.00 100.00 100.00 Reiterates

Good steady progress as usual!