Thorntons sales up 2.3 per cent.
Own store sales increased by 1.9 per cent to £27.1 million with like for like sales growth of 1.3 per cent. Franchise sales declined by 15.2 per cent to £2.9 million as a result of Birthdays Ltd, which operated 94 franchises, going into administration in May 2009. Currently, 48 stores have already opened with new franchisees and a further 23 stores are expected to start trading before Christmas. Thorntons Direct sales increased by 2.4 per cent to £1.1 million.
Mike Davies, Thorntons' Chief Executive, commented:'We are pleased to report satisfactory trading in the first quarter with overall growth of 2.3%, particularly as the comparative period included both Woolworths and Birthdays as customers. We are in the process of adding several products to our offering and have just launched the new Christmas range in our stores. We continue to innovate and improve our performance which puts us in a good position ahead of our key Christmas trading period.'
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