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Newly-listed Hotel Chocolat reports 12% rise in full-year sales

Tue, 12th Jul 2016 09:41

(ShareCast News) - Hotel Chocolat, which listed on AIM in May, posted a 12% increase in full-year revenue, which was slightly ahead of market expectations.In a trading update for the 52 weeks ended 26 June, the company reported revenue of £92.6m, with revenue in the digital retail channel up 20%.Hotel Chocolat said that since its admission to AIM, the new store opening programme has continued to progress well, with one new store opened in Sheffield on 9 May, and a further four new stores expected to open later this year.In addition, it said that since the initial public offering, the group's new Father's Day campaign 'Better than Socks' performed particularly well.Hotel Chocolat said its capital projects, namely the increase in manufacturing capacity at the its facility near Cambridge, are on schedule and within budget and the board maintains its focus on operating margins and tight cost control across all aspects of the business.Trading since full-year 2016 continues to be in line with management's expectations and the group's maiden preliminary results for the year are expected in mid-October.Co-founder and chief executive Angus Thirlwell said: "Hotel Chocolat has had a good start as a listed company, with pleasing growth slightly above expectations. We remain confident in our strategy. Our plans to invest further in our British chocolate manufacturing operations, in new stores, and in our digital offering are all progressing well."At 0940 BST, shares were up 2.6% to 180p.

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22 Dec 2022 15:44

UK shareholder meetings calendar - next 7 days

Friday 23 December
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no events scheduled
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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.

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.

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.

12 Sep 2022 10:04

Hotel Chocolat to close US website

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

3 Aug 2022 10:10

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19 Jul 2022 11:10

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

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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.

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.

2 Mar 2022 17:53

TRADING UPDATES: Sweet interim profit rise for Hotel Chocolat

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