Cranswick Dishes up Food for Thought

The Week: In a difficult year, Morningstar columnist Rodney Hobson unearths one company which says its full year results may now be better than previously predicted

Rodney Hobson 21 August, 2020 | 9:13AM

The Week

Vegans look away now, but meat is meat whether you eat it in a restaurant or at home. In fact, we seem to eat (or waste?) more meat at home than in meals out, which is great news for sausage-maker Cranswick (CWK), which saw sales soar by 22.8% in the 13 weeks to 27 June, the company’s first quarter. The improvement was 19.2% even stripping out acquisitions. All sites remained fully operational during lockdown.

The Government scheme to subsidise eating out may stabilise the situation, but meanwhile the better trend has continued into Cranwick’s second quarter and already it is talking of the outlook for the full year being ahead of previous expectations. Not many companies can say that.

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About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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