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Cranswick - Revenues up 13%

March 2014

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:
  • 1310p
Shares in pig meat processor Cranswick have recovered from a period of weakness, triggered by concerns that they wouldn't be able to pass on a rise in pig prices to their customers. However, this is not an unfamiliar problem to Cranswick and third quarter results for the period to 31 December suggest things are back on track. These showed underlying revenue 13% above the same period a year ago, helped by growth in pork consumption, particularly of roasting joints, with this momentum maintained over Christmas. Sales of pastry products from its new facility in Malton also went well and were augmented by the launch of a range of savoury filled gourmet pies. While the rise in input costs, due to increasing pig prices, reduced m ...

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