Thorntons tries to end reliance on Christmas chocolate sales - Business - Evening Standard
       

Thorntons tries to end reliance on Christmas chocolate sales

Thorntons today reported bumper profits for the first half of its financial year and said its priority for 2010 was increasing summer sales.

Ice cream will be the focus of the chocolatier's push. Mike Davies, Thorntons chief executive, said: "Going forward we will continue to focus on reducing our dependency on Christmas by investing in products that drive sales in the traditionally quieter summer months."

He forecast an improved performance in the second-half, which is historically loss-making.

The 99-year-old firm, which trades from about 600 stores, said it made a pretax profit of £9.1 million for the 28 weeks to 9 January, up from £7.3 million in the previous period.

Sales fell 0.7 per cent to £127.4 million but gross profit margins rose 1.6 percentage points to 50.8 per cent. With net debt cut to £14.6 million the interim dividend was raised 62.5 per cent to 1.95p a share.

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