Cranswick lifts medium targets, holds FY guidance on 'robust' demand

Food company Cranswick on Thursday upgraded medium-term targets and said the current year outlook was unchanged, with robust demand for its core pork and poultry products continuing throughout the fourth quarter.

The company said it was now aiming for mid-single digit organic revenue growth, 7.5% adjusted operating margin, increased from 6% and upper teens return on capital employed, up from mid-teens. Cranswick is still targeting mid-single digit adjusted EPS growth.

Reporting by Frank Prenesti for Sharecast.com