Shares in Cranswick rose yesterday after the meat producer revealed the lockdown had bulked up its sales.
The company, which owns farms and supplies pork and chicken to UK grocers, is emerging as one of the business winners from the coronavirus pandemic.
It said sales were turbo-charged by the ‘shift towards greater in-home consumption’ during the lockdown, as families avoided going out and stocked up on meat at the supermarket.
As a result, Cranswick said its revenues surged 25 per cent higher in the 13 weeks to June 27.
And although the company said demand is now returning to normal as people begin to eat out again, it is still expecting better full-year results than previously forecast.Read full article Share on twitter