We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Todhunter International | AMEX:THT | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
RNS Number:4995U Thorntons PLC 22 January 2004 22 January 2004 Thorntons PLC SALES TRADING STATEMENT 28 WEEKS ENDED 10 JANUARY 2004 Thorntons PLC, the speciality retailer and manufacturer of high quality chocolate, toffee and other sweet foods, today reports sales figures for the 28 weeks ended 10 January 2004. * Total company sales increased by 4.4% to #109.3m. * Own shop sales increased by 2.4% on an estate virtually unchanged in size at 388 with the number of cafes rising by one to 27. * Own Shop like-for-like sales for the half year were +2.5%. Strong growth over Christmas resulted in like-for-like sales of +4.6% for the seven weeks ended Saturday 27th December. However, margin levels did not fully meet our internal expectations. * franchise sales growth of only 1.3% despite 10 more outlets was mainly due to destocking and some short-term summer re-merchandising into gifts and cards. In addition most Franchises do not sell ice cream in contrast to almost all our own stores. * Commercial: The strategy to widen distribution of Thorntons products into other retailers continues to be highly successful. Private label commercial sales rose by 6.0% to #8.8m and Thorntons branded commercial sales were up 140%, driven by new listings, to #3.6m. * Thorntons Gift Delivery Service sales fell by 2.9% to #3.3m which was a disappointment given the previous exceptional growth. However, there is still great scope to continue growing this business. * Royalty income from the licensed range of cakes, puddings, biscuits and other sweet food was static at #248,000 in the half year, as a result of our decision to concentrate on certain product categories and discontinue others. Peter Burdon, Chief Executive, commented: "I am pleased with the strong performance over Christmas. Whilst I would have wished for our margin to have been stronger, we were left with little surplus stock post Christmas. Progress on new Commercial listings has been very good and we now have products on the shelf of every major food retailer. We are developing the range further into this new market with a range of boxed chocolates and Easter eggs. Whilst the turnaround in sales since the summer is very encouraging, we recognise that creating consistent sales growth is key and this is central to our strategy. In addition, we intend to give further impetus to margin and cost improvement." Thorntons plc will be announcing their Interim Results on Tuesday, 24th February 2004. * On 29th October the Company announced that preliminary discussions were being held with a number of parties which may or may not lead to an offer for the company. Those discussions are continuing and shareholders will be kept informed as and when there is any material development. For further information, please contact: Sales Trading Statement: Peter Burdon - Chief Executive, Thorntons PLC 01773 540550 Martin Allen - Finance Director, Thorntons PLC 01773 540550 Charles Ryland / Catherine Miles - Buchanan Communications 020 7466 5000 Corporate Issues: John Jackson - Non-executive Director, Thorntons PLC 01243 622223 1. Interim Sales Analysis First Half Sales First Half Sales Full Year Sales 2003/04 2002/03 2002/03 #m #m #m Own shop 85.8 83.8 133.8 Franchise 7.8 7.7 12.3 Private label commercial 8.8 8.3 12.6 Thorntons branded commercial 3.6 1.5 3.1 Gift Delivery Service 3.3 3.4 5.3 TOTAL 109.3 104.7 167.1 2. Comparison of 2003/2004 sales with the previous year 28 weeks ending 10 28 weeks ending 11 Full Year January 2004 January 2003 2002/03 Own shop 2.4% 0% (0.5)% Franchise 1.3% 9.7% 8.8% Private label commercial 6.0% (3.4)% 3.3% Thorntons branded commercial 140.0% 161.0% 93.8% Gift Delivery Service (2.9%) 37.1% 26.2% TOTAL 4.4% 2.3% 2.0% Own Shops like-for-like 2.5% 1.6% 0.9% 3. Changes in the Retail estate can be summarised as follows Opening number 389 395 395 New shops 2 2 3 Resites 0 2 3 Closures (3) (9) (12) Closing number 388 390 389 Franchise shops trading 201 191 198 Royalties from licensed Products (#000) 248 251 540 This information is provided by RNS The company news service from the London Stock Exchange END TSTBLGDBRXDGGSB
1 Year Todhunter International Chart |
1 Month Todhunter International Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions