Cranswick PLC

CWK

Equity

ISIN GB0002318888 / Valor 380702

LSE London Stock Exchange, SETS (2024-11-21)

GBP 49.45+0.51%

Cranswick PLC
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About company

Cranswick PLC is a company that specializes in producing a variety of dried pet foods for leading brands under private label relationships, as well as their own brands such as Vitalin and Alpha Feeds. With over 100 employees, they supply their products to specialist and independent pet stores, while also offering a direct-to-consumer service.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Cranswick PLC reported strong revenue growth for the 53 weeks ended 30 March 2024, with a reported increase of 11.9% and like-for-like revenue growth of 11.6%. On a comparable 52-week basis, revenue was up 9.8%, reflecting effective inflation recovery and a 4.5% volume growth in UK food, with growth accelerating through the second half of the year.

Operating Margin

The adjusted operating margin for Cranswick PLC increased from 6.3% to 7.1% during the 53 weeks ended 30 March 2024. This improvement was driven by a strong contribution from expanded pig farming operations, tight cost control, and robust returns from the effective deployment of capital.

Profit and Earnings

Cranswick PLC's adjusted profit before tax rose by 26.1% to £176.6 million for the 53 weeks ended 30 March 2024, compared to £140.1 million in the previous year. Adjusted earnings per share also saw a significant increase of 15.6%, reaching 242.8p from 210.0p in the prior year.

Dividends

For the 53 weeks ended 30 March 2024, Cranswick PLC increased its full-year dividend by 13.4% to 90.0p, up from 79.4p in the previous year. This marks the 34th consecutive year of unbroken dividend growth for the company.

Capital Expenditure and Investments

Cranswick PLC invested a total of £91.4 million in capital expenditure during the 53 weeks ended 30 March 2024 to add capacity, capability, and drive operating efficiencies. Additionally, the company made strategic acquisitions worth £46.1 million, including the £32.8 million acquisition of Elsham Linc indoor pig farming business and the £13.3 million acquisition of Froch Foods, enhancing their pig farming and processing capabilities.

Summarized from source with an LLMView Source

Key figures

33.2%1Y

34.3%3Y

55.1%5Y

Performance

17.4%1Y

21.7%3Y

25.5%5Y

Volatility