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Thorntons has announced a hike in pre-tax profits of
nearly 20% in its 2007-08 financial results.
The confectioner saw pre-tax profits increase by 19.6%
over the last 12 months to reach ?8.5m. Sales,
meanwhile, improved by just under 12% to reach a new
high of ?208.1m. In 2007 the chocolate retailer notched
up sales of ?186m.
?We are pleased to be able to report continuing good
sales growth,? said Thorntons chief executive Mike
Davies. ?Underpinning this growth is the strategy we
have been implementing to return Thorntons to
sustainable, long-term profitability by investing in the
brand, developing innovative products, modernising the
in-store environment as well as attracting and retaining
the best people.?
Davies added: ?Our success in all four channels is
encouraging and will continue to provide us with a solid
platform from which to present our evolving range of
quality products to new and loyal customers.?
The results came after Thorntons last month launched a
new ?foodie? concept store in Kingston-upon-Thames
designed to modernise the group?s image, with a number
of additional trial stores set to open in the coming
months.
Earlier this month the confectioner installed Keith
Hurdman as its new master chocolatier, 10 months after
the dismissal of Barry Colenso for stamping on
chocolates at rival retailer Hotel Chocolat.
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