12th Jul 2016 06:47
LONDON (Alliance News) - Hotel Chocolat Group PLC on Tuesday said revenue in its recently-ended financial year was slightly ahead of market expectations.
The British chocolatier and retailer said revenue in the full year ended June 26 grew by 12% year-on-year to GBP92.6 million, which it said was slightly above market expectations. The digital retail channel saw revenue rise by 20%.
Hotel Chocolat said its new store opening programme has continued to progress well since the company listed on AIM in May, with one new store opened in Sheffield that same month and a further four new stores expected to open later this year.
Hotel Chocolat added that its new Father's Day campaign 'Better than Socks' performed particularly well since the company listed and that trading since the year-end continues to be in line with management expectations.
Its project to increase manufacturing capacity at the facility near Cambridge is on schedule and within budget, the company said.
Hotel Chocolat will release its full results for the year in mid October.
"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," Co-Founder and Chief Executive Angus Thirlwell said in a statement.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
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