UK meat supplier Cranswick booked an increase in third-quarter sales today (1 February), boosted by sales of fresh pork and its acquisition of CCF Norfolk.
For the three months to the end of December, turnover increased 31% to reach GBP200m (US$318.4m), excluding sales from the company’s pet business, which was sold in April.
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Organic growth from the underlying business reached 17% and sales from CCF Norfolk, acquired in June, rose 14%.
Cranswick said it saw “notable increases” across all categories. Sales of fresh pork were ahead of the same period last year by 70%, including the contribution from CCF Norfolk. Bacon sales were up by 61% and sales of sausages, cooked meats and continental products increased by 21%, 17% and 9% respectively.
Sandwich sales recovered “strongly”, as the firm anticipated, and were ahead of the same period last year by 16%.
Operating margin in the underlying business was maintained at a level “similar” to that achieved in the first half of the company’s fiscal year, the group said.
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By GlobalData“Cranswick remains in a strong position in each of its markets supported by production facilities in which there has been, and continues to be, substantial ongoing investment in pursuit of improved efficiencies and increased capacity. This investment has now provided the company with some of the best food processing sites in the industry,” the company said.
