Thursday, February 21, 2019

Thorntons Easter trading sees profit expectations rise


Chocolate retailer Thorntons has announced today that pre-tax profit for its full year is set to exceed market expectations after solid sales over the Easter period.

Confirming that Easter trading had been “satisfactory”, the board noted that combined sales from both Valentine‘s Day and Mother‘s Day had helped strengthen its position over the quarter.

Commenting on the results, a statement from the board said: “The Board of Thorntons confirms that Easter trading has been satisfactory.

“The Board now anticipates that the pre-exceptional Profit Before Tax for the 52 weeks to June 29th 2013 will be ahead of the current market expectation of £3.1 million.

“However, we remain cautious of the prevailing economy and its continuing impact on consumer expenditure.”

Thorntons has continued to build momentum amid tough trading conditions thanks to its ongoing turnaround strategy which will see the retailer close some 120 stores over three years as it focus on its commercial arm in a bid to better cater to the year-round chocolate market.