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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.

GENERAL MERCHANDISE

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.


 

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