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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Don't have an account? Click here to register.Hotel Chocolat's profits sweeten as worldwide expansion targeted
Tue, 25th Sep 2018 08:18
(Sharecast News) - Chocolatier and cocoa grower Hotel Chocolat on Tuesday reported a jump in first-half profits and set its sights on expansion into Scandinavia, Japan and the US.For the first six months of the year the company increased profit before tax 13% to £12.7m, after revenue climbed by 11% to £116.3m on the back of 15 new store openings in the UK and Ireland.Angus Thirlwell, co-founder and chief executive of Hotel Chocolat, said: "We are increasingly confident that international expansion presents a growth opportunity, and will be adopting a cautious 'test, learn, grow' approach to our new partnership in Scandinavia and our new ventures in the US and Japan, where we intend to open our first stores this winter."A joint venture agreement was signed this month regarding a business in Japan where the company aims to have a Tokyo store open by the beginning of winter and ready for the Japanese gift-giving seasons in February and March.A new and wholly owned US subsidiary, Hotel Chocolat Inc, will open a store on Lexington Avenue, New York, in time for the winter rush, while the company's franchise partner in Denmark has now opened a total of four stores in Denmark.Analysts at Liberum were optimistic about these overseas launches, saying: "Hotel Chocolat's affordable luxury, "more cocoa, less sugar" offer and broad, unique ranges position it well to disrupt the incumbents in new markets."At 30 June the outfit had cash and cash equivalents of £0.2m, down from £8.5m at the same point last year, while the board proposed a full-year dividend of 1.7p per share, up from 1.6p."The encouraging performance of our UK channels means we remain confident of further growth, with an exciting range of new product innovations for this autumn, including our Chocolat Cream Liqueur and the Velvetiser in-home Hot Chocolat system," Thirlwell said.Hotel Chocolat's shares were up 0.75% at 340.00p at 0836 BST.
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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.
Read more3 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.
Read more22 Dec 2022 15:44
UK shareholder meetings calendar - next 7 days
| Friday 23 December | |
| Plexus Holdings PLC | AGM |
| Wildcat Petroleum PLC | AGM |
| Monday 26 December | |
| no events scheduled | |
| Tuesday 27 December | |
| Zambeef Products PLC | AGM |
| Wednesday 28 December | |
| Evrima PLC | AGM |
| Greencare Capital PLC | GM re proposed name change |
| Lift Global Ventures PLC | GM re proposed expansion within the energy sector |
| Thursday 29 December | |
| Amte Power PLC | AGM |
| ADVFN PLC | AGM |
| Genedrive PLC | AGM |
| Hotel Chocolat Group PLC | AGM |
| Lekoil Ltd | EGM re proposed settlement and name change |
| Online Blockchain PLC | AGM |
| PetroNeft Resources PLC | AGM |
| SkinBioTherapeutics PLC | AGM |
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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.
Read more1 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.
Read more12 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.
Read more12 Sep 2022 10:04
Hotel Chocolat to close US website
(Sharecast News) - Hotel Chocolat has announced the closure of its US website.
Read more3 Aug 2022 10:10
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(Alliance News) - Shares in Hotel Chocolat Group PLC dived on Tuesday after warning on lower sales growth and profit in the year ahead.
Read more19 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.
Read more2 Mar 2022 17:53
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