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.
Source: Sharecast
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
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