THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Hotel Chocolat posts drop in half year sales and profit

Hotel Chocolat has posted a drop in half year sales and profit following a significant deterioration in international sales. In the 26 weeks to 25 December,… View Article

FOOD AND DRINK NEWS UK

Hotel Chocolat posts drop in half year sales and profit

Hotel Chocolat has posted a drop in half year sales and profit following a significant deterioration in international sales.

In the 26 weeks to 25 December, group revenue declined to £129.8 million from £142.9 million while underlying pre-tax profit fell to £10.2 million from £25.4 million a year earlier.

Revenue in the UK and Ireland dropped by 5% in the period, but sales in Japan, the US and St Lucia fell by 90%, 94% and 48% respectively.

While stores performed well in the period, online revenues were lower year-on-year due to more customer returning to physical shops and a strategically lower marketing spend.

Hotel Chocolat has previously announced that it will be taking time this year to sharpen its operating model before embarking on the next stage of growth. 

In a statement on these latest results, the company’s founder and chief executive Angus Thirlwell said: “Our adapted plan for international growth – to pursue the proven brand appeal with low risk-low capex operating models – is making sound progress. In Japan, a new strategic partnership was signed and in the US our planning is looking encouraging. Our Saint Lucian cacao agro-tourism business drove revenues up 46%, with our 6-acre Project Chocolat visitor attraction the star performer.”

The company now sees scope for a further 50 Hotel Chocolat stores over the next three to five years with the first tranche planned for this autumn. It said its new ‘store of the future’ design has been successful in test locations.

Thirlwell added: “The group continues to trade in line with market  expectations for sales though as previously guided, we remain cautious about consumer sentiment over the upcoming seasonal events of Mother’s Day, Easter, Eid and Father’s Day. Depending on the Easter performance, there is a range of pre-tax outcomes between £4 million and £7 million for the full year.”

 

Subscribe For Retail News