Thorntons thrives on celebration days as Easter bunny delivers the goods
The Easter bunny delivered the goods for retailer Thorntons, which has upgraded its profit forecasts after robust recent trading.
As well as Easter, the 317-store chocolatier also hailed "similarly satisfactory results" from both Valentine's Day and Mother's Day, sending its shares up by more than 8 per cent to 75p.
Its trading performance around the three crucial periods led Thorntons to suggest that profits will be ahead of City forecasts of £3.1m for the year to 29 June, compared with just £900,000 in 2011-12.
The upgrade is in contrast to the weather-related excuses from previous management for profit warnings, and vindicates the turnaround strategy of Jonathan Hart, the chief executive since January 2011.
He has embarked on a programme to close up to 180 struggling stores, improve products, reduce supply chain costs and increase supermarket sales.
Bethany Hocking at Investec said the continued momentum in the business was "good news".
- 1 Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
- 2 Pope Francis issues top 10 tips for happiness – including don’t try to convert other people
- 3 Arturo Vidal to Manchester United: Midfielder set to force through move to Louis van Gaal's Red Devils - reports
- 4 Disney heiress Abigail disowns her share of family profits in West Bank company
- 5 Israel's propaganda machine is finally starting to misfire
Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
Pope Francis issues top 10 tips for happiness – including don’t try to convert other people
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Justin Bieber posts Instagram photo of Orlando Bloom crying after Ibiza fight 'over Miranda Kerr'
Disney heiress Abigail disowns her share of family profits in West Bank company
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£20000 - £24000 per annum: Harrington Starr: A leading provider of web based m...
£28000 - £32000 per annum: Ashdown Group: Secretary (Sales Team Support) - Mat...
Competitive (DOE): Guru Careers: We are looking for an Assistant Management Ac...
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...