Thorntons says profits will beat forecasts
Thorntons has announced that its pre-tax profits will be higher than expected when its full-year results are released in September.
The chocolatier attributed the rise to cost cutting measures and higher levels of sales. It now expects its full-year profit to be ahead of the market consensus of £4.6 million.
In a statement issued yesterday Thorntons said: “The Board is pleased to report that a combination of sales growth and careful cost management has enabled the additional profit potential to be realised and accordingly pre-exceptional profit before tax for the full year to 29 June 2013 will be ahead of current market expectations.”
Thorntons will provide a final-quarter trading update on 15 July and its full year results will be announced on 11 September 2013.
