Easter egg sales fill tills for Thorntons - Business - Evening Standard
       

Easter egg sales fill tills for Thorntons

A later Easter has proved a till-clattering feast for Thorntons.

The chocolate maker said sales since the turn of the year have soared more than 11%. That compares with a 1.6% slump in the weeks running up the Christmas.

The recent sales boom indicates Brits are continuing to indulge themselves through the recession.

Thorntons admits the slump in the last months of 2008 will drag its profits in the financial year to June down to about £5 million against £8.5 million last time, though that is some way ahead of what most City analysts had pencilled in. The shares leapt 11p to 90p.

Thorntons said this year's later scheduling of Easter has helped, giving it three weeks extra selling time in the chocolatefest running up the long springtime holiday weekend.

Whiles revenues in its own stores were up 4% in the last 14 weeks, sales to other shops such as supermarkets rose 35%.

The only sour note was Thorntons Direct's corporate business, which makes chocolates that businesses can put their own brand on. Sales there fell nearly 7%.

Comments

Don't Miss
Rock star: Erin Wasson

Rock star

Erin Wasson is the ultimate anti-supermodel
Maybe it’s because she’s a Londoner … Happy anniversary, Ma’am

Happy anniversary

The monarchy has become stronger and more respected in the past 60 years
Victoria Coren: My obsession with children, five proposals a week and why David and I are no power couple

Victoria Coren

David Mitchell and I are no power couple
The Royal Academy of Arts Summer Exhibition preview party

Summer party

Stars at the The Royal Academy of Arts
London gets ready for the Diamond Jubilee - in pictures

Diamond Jubilee

London gets ready - in pictures
The Glamour Awards - stars turn on the style

Glamour Awards

Stars turn on the style
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party

Garden party

Duchess of Cambridge is pretty in pink
FIRST review of Ridley Scott's latest sci-fi blockbuster Prometheus

First review

Is Ridley Scott's Prometheus any good?
Fair-weather goths

Fair-weather goths

The sultry shades of summer darks are coming out of the shadows
Dog save the Queen: Corgis surge in popularity

Dog save the Queen

Corgis surge in popularity