Cranswick’s half-year performance exceeded expectations due to robust volume growth.
- The UK food producer has capitalised on expanding its pig farming operations.
- Cranswick’s financial year forecast now aims for the upper end of market expectations.
- Increased sales and volume in the first quarter contributed to ongoing success.
- Investments in feed milling are central to the company’s growth strategy.
Cranswick, a leading UK food producer, reported a stronger-than-anticipated performance for the first half of the year, primarily driven by substantial volume growth in its core food business. The company has strategically expanded its pig farming operations, enhancing both scale and quality, which in turn has significantly bolstered its trading results for the 26 weeks leading up to 28 September 2024.
This period saw Cranswick upgrade its financial outlook for the year ending 29 March 2025, aiming towards the upper end of current market expectations. This upward revision reflects the company’s focus on maintaining industry-leading service levels and a commitment to quality and innovation in its product offerings.
In the first quarter, Cranswick experienced an 11.9% increase in sales, reaching £2.6 billion, and a 4.5% rise in volume. These results reflect the company’s ongoing investment in the development of its pig farming and feed milling operations, which have become integral to sustaining its growth trajectory.
Chief Executive Adam Crouch highlighted the continuous successful momentum driven by both organic growth and strategic acquisitions. He stated, “We have increased the size, scale and quality of our pig herds through ongoing organic growth and the acquisitions of new indoor and premium outdoor pigs.” This focus underlines Cranswick’s strategic initiative to leverage its longstanding customer relationships and extensive quality product range.
Cranswick’s commitment to innovation and strategic growth in core areas has set a promising outlook for its financial year.
