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".
- 2 California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
- 4 Charles Kennedy 'had better judgement drunk than many sober politicians' says Ian Hislop
Amber Peat: Body found in search for missing 13-year-old who ran away after argument with her parents
California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
Sepp Blatter resigns: FBI are investigating outgoing Fifa president, claims report
Alton Towers crash: Four guests seriously injured as Smiler ride carriages collide
Charles Kennedy dead: A guy once asked the Lib Dem leader who his favourite Muppet was and his letter response was wonderful
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination
Migrants in Kos: Photos show real tragedy after Brits abroad complain of 'awkward' holidays
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
Michael Gove determined to scrap the Human Rights Act – even if Scotland retains it
Threat to scrap Human Rights Act could see UK follow Nazi example, warns UN official
Church of England 'one generation away from extinction' after dramatic loss of followers
iJobs Money & Business
£30000 - £35000 per annum: Recruitment Genius: The UK's fastest growing, multi...
£70000 - £90000 per annum: Recruitment Genius: A Financial Reporting Manager i...
£23000 - £25000 per annum: Recruitment Genius: They win lots of awards for the...
£13500 - £20000 per annum: Recruitment Genius: This nationwide enforcement com...