Hotel Chocolat full year revenue ahead of forecasts
Hotel Chocolat has reported that its full year revenue has come in slightly ahead of market expectations.
In the 53 weeks to 2 July, revenue was £105 million. On a comparable basis, revenue for the 52 weeks ended 25 June was £104 million, which was an increase of 12% on the previous year.
The company opened 12 new stores in the year which contributed 5% to group sales year-on-year. With eight of the twelve new stores featuring a café, Hotel Chocolat said its new shop/cafe format is working well.
The company launched a new website launched early in 2017 as it looked to offer an improved shopping experience on tablets and smartphones.
Angus Thirlwell, co-founder and chief executive of Hotel Chocolat, said: “Hotel Chocolat has had another good year, with encouraging growth. We are excited about the progress made with our new shop+cafe format stores and our seasonal ranges continue to perform well.”
The company said trading in the new financial year continues to be in line with management’s expectations.
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