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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hotel Chocolat Group Plc | LSE:HOTC | London | Ordinary Share | GB00BYZC3B04 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 374.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHOTC
RNS Number : 4296L
Hotel Chocolat Group PLC
19 July 2017
19 July 2017
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, is pleased to announce a trading update for the 53 weeks ended 2 July 2017 ("FY17").
Revenue for FY17 was GBP105 million. On a comparable basis, revenue for the 52 weeks ended 25 June 2017 was GBP104m, an increase of 12 per cent compared to the prior year*, slightly ahead of market expectations.
Two new stores opened in the second half of the year, bringing the total to twelve new stores in FY17 which contributed 5 per cent to Group sales year-on-year. Eight of the twelve new stores feature a cafe. The new shop+cafe format is working well. A refit of the existing Milton Keynes store, due to open before the end of July will test the impact of adding a cafe to an existing location.
The spring seasonal ranges delivered encouraging results and, following successful trials, our unique cocoa-infused ice cream known as Ice Cream of the Gods, is now on sale in 37 locations. A new website launched early in 2017 offering an improved shopping experience on tablets and smartphones.
Trading since FY17 continues to be in line with management's expectations.
The Board expects to announce the Group's preliminary results for FY17 on 27 September 2017.
Angus Thirlwell, Co-Founder and Chief Executive Officer of Hotel Chocolat, said: "Hotel Chocolat has had another good year, with encouraging growth. We are excited about the progress made with our new shop+cafe format stores and our seasonal ranges continue to perform well."
*Group revenue growth is measured on a pro-forma basis in constant currency.
This announcement contains inside information for the purposes of the Market Abuse Regulation.
Enquiries:
Hotel Chocolat Group Tel: +44 (0) 1763 257 Limited 746 Angus Thirlwell, Co-Founder and CEO Peter Harris, Co-Founder and Development Director Matt Pritchard, CFO Liberum (Nominated Adviser Tel: +44 (0) 20 3100 2000 and Sole Broker) Clayton Bush Lucy Sharma Jill Li Citigate Dewe Rogerson Tel: + 44 (0) 20 7638 9571 Simon Rigby Ellen Wilton
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTLLFEEDEITLID
(END) Dow Jones Newswires
July 19, 2017 02:00 ET (06:00 GMT)
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