Hull-based meat processing giant Cranswick plc said it now expects full-year results to be at the top end of analyst forecasts, after a stronger-than-expected growth in the latest quarter. 

“Trading since the end of the first quarter has been stronger than previously expected, underpinned by continued robust volume growth in our core UK food business, a positive ongoing contribution from our expanding pig farming operations, industry leading service levels and a relentless focus on quality and innovation,” the company said. “Consequently, we now expect our first half performance to be ahead of the same period last year.”

“Whilst we remain cautious about current market and wider economic and geopolitical conditions, following the strong volume growth delivered through the first half, our outlook for the current financial year ending 29 March 2025 is now expected to be towards the upper end of current market expectations.”

Market expectations for adjusted profit before tax range between £179.2 million and £191.7 million.