Crawshaw Share Discussion Threads

[hydrus] 29/9/2015 10:38

It is 41% - it's just been rounded in the headline figures. As per detail:Adjusted EBITDA £1,233,200 vs £874,303 in comparison period.

[nickweeb] 29/9/2015 10:08

Not sure how they make a rise from 0.9 to 1.2 = 41% though? I hope they don't have the same person in charge of counting sausages.

"41% rise in Adjusted EBITDA1 to £1.2 (2014 : £0.9m"

[davidosh] 29/9/2015 09:16

Whatever those management initiatives were they most certainly are delivering an improved performance in like for likes....to go from minus 2% to plus 6.7% set against price deflation in the food sector is an incredibly good achievement and certainly not being done on reduced gross margins...up nearly 100 basis points is equally impressive


Since my last statement at the end of June we have seen a significant
improvement in sales momentum as a result of a number of initiatives
launched by new management. This has strengthened our LFL performance
from -2.2% in Q1 to +3.5% in Q2. I am pleased to note that this
has continued into H2 with the first 7 weeks of the period showing
LFLs at +6.7%. This improvement is being seen across the whole
Crawshaw and Gabbotts store portfolio and so is particularly encouraging.

Gross Profit has increased by 44% to GBP7.5m (2014: GBP5.2m) with
improvements in the gross margin percentage to 44.8% (2014: 43.9%)
in the 6 months to 31 July. Our unique sourcing and operating model
continues to allow scope to deliver value to customers in addition
to developing gross margin performance.

[playful] 29/9/2015 08:39

An investor presentation is going to be made available just keep checking the page below:

[hydrus] 29/9/2015 08:25

Good lfl growth and very encouraging that newest stores beating expectations. Demonstrates that they are picking the right spots and the concept works well.

[tadders2] 28/9/2015 15:03

Lot of buying ahead of results.

[davidosh] 18/9/2015 02:07

A nice mention for Crawshaws on the radio yesterday evening. It is a small cap show so will all be of interest but the CRAW discussion is around 7.30 onwards...

hxxps://audioboom.com/boos/3585525-carmensfella-and-financialtamzin-talk-best-small-cap-investments-this-week

[michaelmouse] 17/9/2015 09:38

Interesting future potential?

Michael.

[cockerhoop] 17/9/2015 09:29

Stredd Alert

[tadders2] 17/9/2015 08:39

Can't wait to see the numbers. Fantastic update....the future looks bright.

[hydrus] 17/9/2015 08:13

I think the mark up this morning doesn't reflect the importance of this statement. To grow l for l in a climate where others are struggling does really support the case for the whole model.

[shanklin] 17/9/2015 07:31

I guess this supports what I understand is CRAW's view that the roll-out will not require any additional funds to be raised.

[playful] 17/9/2015 07:20

Poor weather is indeed impacting the high street but if we can do this in such circumstances just imagine what a summer heatwave next year could do to the bottom line.

[hydrus] 17/9/2015 07:13

I'm impressed because I wondered whether the poor weather might have reduced sales a bit for BBQs etc

[hydrus] 17/9/2015 07:10

Strong like for like - maybe 5/6% growth?

[playful] 17/9/2015 07:08

Wonderful news..

[battlebus2] 17/9/2015 07:08

Fabulous update.......

[skinny] 17/9/2015 07:03

Crawshaw Group Plc ("Crawshaw", the "Company" or the "Group"), the fresh meat and food-to-go retailer, is pleased to report that following various initiatives undertaken by new management, like-for-like sales have been particularly strong in the last quarter, with the growth being realised across the entire estate. This has been accompanied by a strengthening gross margin position.

In addition, the two new stores that opened recently are trading very well and above our "base case".

We look forward to presenting a strong trading position at our interim announcement on 29 September 2015 and now expect the Company to exceed market expectations for the year ended 31 January 2016.

[playful] 16/9/2015 22:44

Perhaps we should write into the letters page to invite birds employees to apply for any future jobs within this store.

[davidosh] 16/9/2015 12:01

The store they took over actually used to be a butchers and was there for 100 years so a perfect replacement but sad for the family firm that went into liquidation. I wonder if we managed to employ any of the EA Bird & Sons staff?

[1iniesta] 16/9/2015 09:48

Yeah the store has been a huge success and is going from strength to strength

[cockerhoop] 10/9/2015 07:53

Playful,

Again a small sample but the Morrisons Local's i've been into in Sheffield are in unsuitable suburban locations with lower footfall and are larger than the Crawshaws units i've seen.

[hydrus] 09/9/2015 23:07

Hmm I think I prefer Crawshaw approach of making sure each and every premises are cost effective and likely to attract required custom, rather than buying 140 somewhat random locations, many of which I'm sure they wouldn't have directly selected and loading up on huge debt to boot.