Cranswick beefs up margins targets as it partners with Sainsbury on £61m project

Meat producer Cranswick has upgraded profit targets following a strong fourth quarter of demand for its pork and poultry products.

The Hessle-based supplier to major supermarkets has beefed up medium term operating margin ambitions from 6% to about 7.5% as it said it was on target to meet adjusted pre-tax profit expectations of between £190m-£195.1m.

Cranswick, which is celebrating its 50th year, gave the update ahead of preliminary results for the year to March 29, and as part of a capital markets day. Simultaneous