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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.

FOOD & DRINK

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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