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Shoppers 'go wild' for peanut pralines as Hotel Chocolat opens NY store

Tue, 11th Dec 2018 12:57

(Sharecast News) - Premium chocolatier Hotel Chocolat has opened its first store in New York as it presses ahead with its expansion plans.The company said shoppers at the store, which opened on Monday at 441 Lexington Avenue, "went wild" for its peanut pralines.Chief executive Angus Thirlwell said: "As we evolve into international markets, our core 'More Cocoa, Less Sweet' mantra gains traction across the globe. "This is a hugely exciting time to be at the helm of Hotel Chocolat, as the brand continues to grow and prove popular with locals in overseas markets, making more people happy through the power of chocolate."Liberum, which rates the stock at 'buy', said that Hotel Chocolat's entry into the US and Japan, as well as the Scandinavia development agreement opens up a "huge opportunity" for the company."The combined chocolate markets of these territories are circa 4.6x the size of the UK," it noted."Growth in these regions average circa 3.5% compound annual growth rate (2017-22E) driven by demand for higher quality, healthier and more innovative product."The UK is also set for continued growth at circa 4% per annum," the brokerage said.It pointed out that the shares have fallen 28% over the past six month, underperforming the FTSE 350 General Retailers."This offers a relatively more interesting entry opportunity into one of the most exciting structural branded growth stories," it said.At 1255 GMT, the shares were down 1.3% to 276.26p.

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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.

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.

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.

22 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.

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

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

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

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:

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.

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.

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

(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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Shoppers 'go wild' for peanut pralines as Hotel Chocolat opens NY store

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