UK’s Cranswick reports higher annual profit as Iran conflict raises supply chain concerns
Company joins other food firms warning about higher costs linked to Middle East tensions
UK – British meat producer Cranswick reported annual profit above analyst forecasts after strong demand across its meat categories, although the company said the conflict involving Iran could create pressure across food supply chains through higher fuel and energy costs.
Shares in the company climbed 5.2% after Cranswick announced adjusted pretax profit of US$301.4 million (£220 million) for the financial year ended 28 March 2026, compared with analyst projections of US$296.2 million (£216.2 million).
At the same time, the company said rising operating costs connected to the Middle East conflict had increased uncertainty across Britain’s food manufacturing and retail industries.
Meanwhile, fellow food business Hilton Food Group also flagged possible disruption tied to tensions in the region and said inflation risks remained a concern despite maintaining its annual profit guidance.
Revenue Growth Across Key Divisions
Cranswick said like-for-like revenue for the year increased 6.8%, while food revenue in the UK rose 9.4% after volume growth reached 8.3% during a period that included strong Christmas trading.
The company’s poultry division recorded revenue growth of 13.9% and contributed 20.3% of total group revenue during the year.
In addition, revenue within the Gourmet Products business rose 15.3% following increased sales from Blakemans, while the Pet Products segment posted growth of 29.8% as the company expanded its partnership with Pets at Home.
Chief executive Adam Couch said the company continued investing in its production facilities, farming operations and acquisitions as part of its long-term expansion plans.
He added that customer demand across Cranswick’s main product categories remained firm, supported by ongoing relationships with retail partners and continued focus on product quality, service and product development.
Cranswick also said its vertically integrated supply chain continued to support operations across its meat and food businesses as the company increased capacity and widened production capability during the financial year.
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