Cranswick Reports Q1 Growth
Cranswick delivered solid first-quarter growth, fueled by rising demand for premium meat and strategic acquisitions, while continuing to invest in expanding production.
Cranswick Kicks Off the Year with Growth
Cranswick, the UK-based food producer known for its premium meat products, reported a 7.9% increase in like-for-like revenue during the first quarter of its financial year. This solid performance comes as consumers continue to show strong interest in natural protein options such as unprocessed meats.
Premium Products and Acquisitions Boost Performance
The company’s recent success is largely driven by its high-end meat offerings and several key contract wins. Notably, its acquisition of sausage maker Blakemans contributed to a 9.7% increase in total revenue—well above the 7% growth forecast for the 2026 fiscal year. Cranswick also expanded its capabilities by acquiring JSR Genetics, a specialist in pig breeding, further strengthening its supply chain.
Positive Outlook Despite Market Challenges
Analysts remain optimistic. Jefferies’ Andrew Wade commented that revenue was slightly ahead of expectations and that the outlook for the full year remains stable. He also sees further potential for both earnings and share price growth.
Continued Investment in Growth
Cranswick isn’t just resting on its recent successes. The company has committed £14 million to upgrade its Lincoln pet food facility, aiming to expand both production capacity and product variety. CEO Adam Couch emphasized that the company is focusing on volume-driven growth across all categories while continuing to reinvest in its operations.
Full-Year Profit Expectations on Track
Looking ahead, Cranswick expects its adjusted pre-tax profit for the year ending March 28 to fall within the current forecast range of £206.5 million to £213.6 million. This suggests the company is confident in maintaining its growth trajectory despite broader economic uncertainties.
Key Takeaway
Cranswick’s blend of premium offerings, acquisitions, and strategic investments has positioned it for a strong fiscal year, reflecting both market resilience and internal momentum.