Easter egg sales boost profits at Thorntons
Thorntons has said that it expects its full year profits to be ahead of market expectations after satisfactory trading over Easter.
In a statement issued today, the chocolatier said that the Easter trading combined with similar results from Valentine's Day and Mother's Day, meant that the board now anticipates that pre-exceptional pre-tax profits for the 52 weeks to 29 June 2013 will be ahead of current market expectations of £3.1 million.
“However, we remain cautious of the prevailing economy and its continuing impact on consumer expenditure,” Thorntons added.
The company has been battling to turn the business around after adjusted pre-tax profit fell to £0.9 million in the year to 30 June 2012 from £4.3 million in the previous year. In February, the company said it was “encouraged” by the progress made in its first half when sales increased by 2.9% to £133.7 million and pre-tax profit rose from £2.2 to £5.3 million.
