Sweet for chocolate maker Thorntons after beating forecasts
Wednesday 11 September 2013
Thorntons’ chief executive Jonathan Hart says the company is in “good spirits” after posting forecast-beating full-year profits.
The chocolate maker today announced a profit of £5.6 million for the year ending June, up from £900,000 a year earlier.
Hart said customers have responded “very positively” to Thorntons’ new Just to Say and Little Gift ranges, which aim to encourage gift-giving outside the key Christmas and Easter seasons, and said the year was marked by “improved sales, reduced costs and increased profits”.
Hart said: “We’ve seen continued success in the key seasons. We had a strong season at Christmas. Easter, we had big new products.”
This year is the second in a three-year plan to shift away from own-brand stores and towards supermarket sales, and Hart said progress has been encouraging. Thorntons closed 35 of its own stores during the year while commercial sales grew by 11.2 per cent to £88.7 million.
Hart said the forthcoming Christmas season was also looking good for the Derbyshire-based company, and added: “We have good plans and an encouraging order book.” But he warned: “We continue to approach the overall market with a degree of caution as we have not seen our customers respond at all to the signs that the economy is picking up.”
Olympic diver has made his modelling debut for Adidas
- 1 Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe in bikinis
- 2 Scottish independence: Learn from Quebec's mistakes and beware of promises. Vote Yes.
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 4 Revealed after 75 years of secrecy: 'Fifi' the glamorous WW2 special agent who tested British spies' resolve
- 5 Hitler’s food taster reveals the horrors of the Wolf’s Lair
Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe in bikinis
Scottish independence: Final opinion polls show undecided voters could swing the result either way
Isis release 'Flames of War' video warning Obama of attacks troops could face in Iraq
Hitler’s food taster reveals the horrors of the Wolf’s Lair
Alan Henning: British Muslim leaders unite to call on Isis to release hostage
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Portuguese academic says British are 'filthy, violent and drunk'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
iJobs Money & Business
£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£20000 - £25000 per annum + OTE £35,000 first year: SThree: The SThree group i...
£20 - 24k (Uncapped Commission - £35k Year 1 OTE): Guru Careers: We are seekin...