Cranswick revenues soared 9.5% to just under £3bn last year, as surging poultry sales and a “record” Christmas boosted group income.
Poultry sales were up 13.9% in the year, and now make up just over a fifth (20.3%) of group revenues. UK sales volumes were up 8.3% in the financial year, measured to 28 March 2026.
The meat processor exceeded profit targets to post a £220m adjusted pre-tax profit, up 11.2% on the prior year.
Unveiling its preliminary results this morning, the meat processor told investors that it had now extended its long-term fresh and added-value poultry supply agreement with its “anchor retail strategic partner”.
“Our performance reflects the enduring strength of our customer relationships, the quality and scale of our asset base and the increasing competitive advantage of our vertically integrated supply chain,” said CEO Adam Couch.
“Across our core categories, demand for our products remains strong, supported by close alignment with our strategic retail partners and a consistent focus on quality, service and innovation.”
To support innovation, Cranswick has made a record investment of £163m into the business. Projects have included £56m committed to a 25% capacity upgrade to its Eye poultry plant and a completed £30m expansion of its two Hull value-added poultry sites.
The company said the £100m fit-out of its flagship Hull pork plant was “progressing well”, with the highly-automated cold store facility now fully operational.
A further £40m has been invested in the group’s farming and feed milling operations to “expand and strengthen” its integrated supply chain.
Couch said that trading had started in FY2027 “in line” with board expectations, though did not rule out an impact from the Iran war.
“The conflict in the Middle East remains an evolving situation and we continue to monitor potential implications for our supply chains,” he added. “We remain mindful of the potential for disruption arising from prevailing economic and geopolitical conditions.”
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