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Hotel Chocolat's Christmas sales not sweet enough for investors

Tue, 17th Jan 2017 08:02

(ShareCast News) - Hotel Chocolat Group's quarterly revenue rose during the Christmas period due to an increase in footfall for the chocolatier and sales of higher priced items, though investors seemed disappointed about what that implied for like-for-like growth.The AIM-quoted company said it was trading in line with expectations as revenue increased 16.2% for the second quarter ended 25 December 2016, compared to last year, or 14.6% on a constant currency basis.Retail growth was driven by increases in footfall and items per basket, as customers bought more higher-priced items, while the digital business experienced similar gains. The company recently launched a new website, which is optimised for smartphones and tablets, a gift creator service for delivery, and better integration of the tasting club subscription service.Meanwhile, 10 new stores were opened in the second half of the year, bringing the total to 90 UK outlets.Angus Thirlwell, co-founder and chief executive, said: "The growing strength of the Hotel Chocolat brand has enabled us to perform well. Our seasonal ranges included many new innovations and our cafe drinks offer adds a new dimension to our experience. Being a UK manufacturer gave us the flexibility to maintain good stock availability right up to the end of the season."Independent retail analyst Nick Bubb said the top-line sales increase "didn't leave room for much" LFL sales growth, which the company had left unquantified. Shares in Hotel Chocolat Group were down 1.36% to 291p at 0829 GMT.
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19 Jan 2023 09:09

Hotel Chocolat reports record Christmas sales

(Sharecast News) - Premium chocolatier Hotel Chocolat said on Thursday that it continues to trade in line with market expectations, as it hailed record Christmas sales.

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3 Jan 2023 18:17

Hotel Chocolat inks partnership with Japan's Eat Creator

(Sharecast News) - Premium confectioner Hotel Chocolat has signed a new strategic partnership agreement with Tokyo-based Eat Creator Corporation, it announced on Tuesday.

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3 Jan 2023 11:32

Hotel Chocolat moves into Japanese market with new partnership

(Alliance News) - Hotel Chocolat Group PLC on Tuesday said it has signed a new strategic partnership agreement with Tokyo-based Eat Creator Corp.

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22 Dec 2022 15:44

UK shareholder meetings calendar - next 7 days

Friday 23 December 
Plexus Holdings PLCAGM
Wildcat Petroleum PLCAGM
Monday 26 December 
no events scheduled 
Tuesday 27 December 
Zambeef Products PLCAGM
Wednesday 28 December 
Evrima PLCAGM
Greencare Capital PLCGM re proposed name change
Lift Global Ventures PLCGM re proposed expansion within the energy sector
Thursday 29 December 
Amte Power PLCAGM
ADVFN PLCAGM
Genedrive PLCAGM
Hotel Chocolat Group PLCAGM
Lekoil LtdEGM re proposed settlement and name change
Online Blockchain PLCAGM
PetroNeft Resources PLCAGM
SkinBioTherapeutics PLCAGM
  
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1 Dec 2022 12:38

Hotel Chocolat swings to loss despite UK stores beating pre-pandemic

(Alliance News) - Hotel Chocolat Group PLC on Thursday said it would be working to reduce risk strategies moving forwards, following the release of its preliminary full-year results.

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1 Dec 2022 09:41

Hotel Chocolat swings to full-year loss

(Sharecast News) - Premium chocolatier Hotel Chocolat said on Thursday that it swung to a full-year loss as its performance was dented by costs related to its expansion plans.

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12 Sep 2022 11:06

IN BRIEF: Hotel Chocolat closes US website as reduces investment

Hotel Chocolat Group PLC - Royston, Hertfordshire-based chocolatier - Says it has decided to cease US direct to customer sales via its website and exit its in-country warehousing and fulfilment support arrangements. The company adds that it continues to explore the future development of wholesale opportunities in the US market.

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12 Sep 2022 10:04

Hotel Chocolat to close US website

(Sharecast News) - Hotel Chocolat has announced the closure of its US website.

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3 Aug 2022 10:10

LONDON BROKER RATINGS: Macquarie ups Virgin Money; Citi cuts Centrica

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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28 Jul 2022 20:54

TRADING UPDATES: Virgin Wines loses fizz; M&C revenue improves

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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19 Jul 2022 12:16

LONDON MARKET MIDDAY: Europe shakes off slow start; Netflix ahead

(Alliance News) - European equities found their groove by midday on Tuesday, after a stumbling open prompted by a report that Apple is slowing hiring and spending plans.

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19 Jul 2022 11:10

AIM WINNERS & LOSERS: In The Style out of vogue; Hotel Chocolat melts

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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19 Jul 2022 11:01

Hotel Chocolat shares slump on profit warning for year ahead

(Alliance News) - Shares in Hotel Chocolat Group PLC dived on Tuesday after warning on lower sales growth and profit in the year ahead.

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19 Jul 2022 08:38

Hotel Chocolat tumbles on warning of slower growth

(Sharecast News) - Upmarket confectioner Hotel Chocolat reported a 37% improvement in full-year revenue in a trading update on Tuesday, to £226m - ahead of market expectations - but a warning of higher costs and lower profits in the new period saw its shares tumble.

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2 Mar 2022 17:53

TRADING UPDATES: Sweet interim profit rise for Hotel Chocolat

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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