Crawshaw Group PLC Trading Update

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Crawshaw	LSE:CRAW	London	Ordinary Share	GB00B2PQMW21	ORD 5P

Share Name

Share Symbol

Market

Type

Share ISIN

Share Description

Crawshaw

LSE:CRAW

London

Ordinary Share

GB00B2PQMW21

ORD 5P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+0.00p	+0.00%	2.00p	0.00p	0.00p	-	-	-	0	05:00:01

Price Change

% Change

Share Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

+0.00p

+0.00%

2.00p

0.00p

05:00:01

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Food & Drug Retailers	44.6	-13.5	-13.0	-	2.26

Industry Sector

Turnover (m)

Profit (m)

EPS - Basic

PE Ratio

Market Cap (m)

Food & Drug Retailers

44.6

-13.5

-13.0

2.26

Crawshaw Group PLC Trading Update

30/08/2018 7:00am

UK Regulatory (RNS & others)

Crawshaw (LSE:CRAW)
Historical Stock Chart

3 Months : From Aug 2018 to Nov 2018

TIDMCRAW

RNS Number : 1718Z

Crawshaw Group PLC

30 August 2018

Crawshaw Group Plc

("Crawshaw" or the "Group")

Trading Update

Crawshaw Group Plc, the UK's leading value butcher, is today providing the following trading update ahead of its interim results on 26 September 2018.

Further to the AGM trading update on 27 June, the trading performance of our high street shops continues to remain challenging. Rising shop rents and high business rates along with lower footfall and increased discounter competition, has directly impacted sales and profitability as expected. Half year like-for-like sales were -13.2% (-12.9% for the first 20 weeks). Group sales for the first half of the year were GBP21.6m (H117: GBP22.1m).

Due to the continued challenging trading, the Board expect the full year Group sales to January 2019 to be flat on the previous year and underlying operating loss of approximately GBP3m. The Group had GBP3.3m cash at 29 July 2018 (GBP4.7m at 28 January 2018).

The new leadership team who joined the business in late May have identified the core issues affecting the business and will announce how it plans to rectify those issues and drive the business forward with its interim results. The Group has maintained margin investment in response to the continued competitive environment.

Enquiries:

 
 Crawshaw Group plc 
 Jim Viggars, Nick Taylor           01709 369 600 
 
 Citigate Dewe Rogerson 
 Angharad Couch                     0161 914 9771 
 
 Peel Hunt LLP 
 Adrian Trimmings, George Sellar    020 7418 8900

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

August 30, 2018 02:00 ET (06:00 GMT)

Crawshaw Share News (CRAW)