Crawshaw Group sees strong growth over festive season
The Crawshaw Group has posted a 64% increase in group sales for the 15-week period to the 3 January 2016.
Total group sales were up 64% in the 15 week period versus the same period last year, and are up 52% in the year-to-date.
Like-for-like sales for the same period were up 0.8% versus the prior year, and are up 1.7% year-to-date.
The group’s gross margin increased by 65% in the 15 week period versus the prior year, and 55% year to date. This has been supported by the gross margin strengthening by 80 basis points over the same year-to-date period.
The Board anticipates that the full year results ended 31st January 2016 will be in line with market expectations.
Chief executive officer Noel Collett said: “We are delighted to be able to report such strong sales performance as our growth strategy continues to rapidly enhance sales and profitability.
“Our growth plan is progressing very well and is on track with an increase of 17 stores for the current financial year taking our portfolio to 39 stores. We are also pleased with the positive like-for-like performance in our mature stores, particularly given the disruption and challenging high street footfall patterns caused by the prolonged adverse weather conditions in the North of England. Clearly our growth is very exciting for the business and we look to the next financial year with energy and confidence.”
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