Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
A-Brands

UK Sausage Maker Cranswick Enjoys Strong Festive Sales: Source

By Reuters
Share this article

British meat producer Cranswick said on Thursday trading was robust in December, as people thronged supermarkets for gourmet and ready-to-eat meat during the festive season.

The company, which supplies pork and poultry to most UK major supermarkets including Tesco, said its third quarter saw all product categories ahead of year-ago levels in its core domestic market.

Britons, who are facing rising prices and an income squeeze, loosened their purse strings towards the end of 2022, celebrating the first pandemic-restrictions free holiday season in two years.

'Inflationary Pressure'

"The broad-based inflationary pressure we are experiencing across our cost base continues to be well controlled and mitigated," chief executive officer Adam Couch said.

Cranswick, which had earlier seen exports to its far east markets such as China suffer, said on Thursday higher prices have helped sales in the region, somewhat offsetting low volumes.

ADVERTISEMENT

Divisional Performance

Growth in revenue in its poultry division was driven by the new Hull breaded poultry facility, which offset lower sales from the Hull cooked poultry facility. 

Revenue in the fresh poultry segment saw a very limited impact following Avian influenza outbreaks at five poultry farms operated by the company.

The company's pet products unit made a modest contribution to group revenue in the third quarter, the company noted. It made progress in reshaping the business for the future to make its manufacturing operations more efficient and build its customer base.

News by Reuters, additional reporting by ESM – your source for the latest A-Brands news. Click subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days