Cranswick sales sizzling

BRITISH pork supplier Cranswick said it expected full-year results at the upper end of market forecasts, helped by higher sales of bacon and a recent acquisition.

The company, which supplies fresh pork and gourmet sausages to Britain’s food retailing and manufacturing sectors, said total sales rose 22 per cent for the year ending 31 March, excluding contributions from its pet-products business.

Sandwich sales were ahead by 18 per cent and sales of cooked meat and sausages were ahead by eight per cent and six per cent respectively. Bacon sales were up 70 per cent and sales of fresh pork were 45 per cent higher.

Cranswick said operating margin in the underlying business was expected to be similar to the first nine months of 2009.