Pork proved a Christmas winner for Cranswick as the FTSE-listed food giant posted a “particularly robust” trading update on the vital festive run-in.
The Hull-headquartered firm saw revenues accelerate in the 13 weeks to Christmas Eve, and while all four product categories were “strongly ahead of the corresponding period” it was underpinned by “strong demand for our fresh pork, convenience and gourmet festive range of products,” the £2 billion turnover company told the City.
The full-year outlook remains in line with the board’s expectations, with the company stating it had built on momentum generated in the first half of the year, when revenues were up 12.4 per cent to £1.1 billion, as reported in November.
