23 Jan 2019 07:00
23 January 2019
HOTEL CHOCOLAT GROUP PLC
("Hotel Chocolat", the "Company" or the "Group")
Trading Update
Hotel Chocolat Group plc, a premium British chocolatier and omni-channel retailer, today announces the following trading update for the 13 weeks ended 30 December 2018.
Total Group revenue for the period increased 15 per cent compared to the prior year.
Retail, digital and wholesale channels all achieved growth. The business opened 15 new stores during the six months ended December and we now have 117 stores in our UK domestic market.
Trading since December continues to be in line with management's expectations. The Board expects to announce the Group's results for the six months ended 31 December 2018 on 26 February 2019.
Angus Thirlwell, Co-Founder and Chief Executive Officer, said:
"This was another strong Christmas for Hotel Chocolat. Our new store openings contributed 5% of the growth in the period, with the balance coming from existing stores, digital and wholesale channels. Our wholesale partnerships were notable successes with strong growth, balancing lower margins with lighter capital investment.
"The Velvetiser in-home hot chocolate system quickly garnered rave reviews from press and customers and we sold over three times our initial forecast. Our new Chocolat Cream Liqueur, as featured in our documentary film last week, was also a hit. We invested in the growth of our new VIP Me loyalty scheme, acquiring over 400,000 members during the period, of which over 85% were in-store buyers, not previously on our database.
"Initial customer response to our new location in New York and joint venture store in Tokyo has been very encouraging, demonstrating the global appeal of the Hotel Chocolat brand and its ability to travel overseas."
This announcement is released by Hotel Chocolat and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. This announcement is being made on behalf of the Company by Matt Pritchard, Chief Financial Officer of Hotel Chocolat.
Enquiries:
Hotel Chocolat Group PLC | Tel: +44 (0) 1763 257 746 |
Angus Thirlwell, Co-Founder and CEO Peter Harris, Co-Founder and Development Director Matt Pritchard, CFO | |
Liberum (Nominated Adviser and Sole Broker) | Tel: +44 (0) 20 3100 2000 |
Clayton Bush Andrew Godber James Greenwood Trystan Cullen | |
Citigate Dewe Rogerson | Tel: + 44 (0) 20 7638 9571 |
Angharad Couch Ellen Wilton Elizabeth Kittle |
Notes to Editors:
Hotel Chocolat is a premium British chocolatier with a strong and distinct brand. The business was founded in 1993 by Angus Thirlwell and Peter Harris and has traded under the Hotel Chocolat brand since 2003. The Group sells its products online and through a network of stores in the UK and abroad. The Group has a cocoa plantation and eco-hotel in Saint Lucia, offering complete cocoa immersion thorough tree-to-bar experiences and wellness treatments. The Group also has a flagship restaurant and cocoa roastery in London's Borough Market: Rabot 1745. The Group was admitted to trading on AIM in 2016.