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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Thorntons | LSE:THT | London | Ordinary Share | GB0008901935 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 142.875 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9881G Thorntons PLC 17 July 2001 17 July 2001 SALES TRADING STATEMENT 53 WEEKS ENDED 30 JUNE 2001 Thorntons PLC, the speciality retailer and manufacturer of high quality chocolate, toffee and other confectionery, is today reporting sales figures for the 53 weeks ended 30 June 2001. - Total company sales rose by 4.2% to #159.9m in the 53 weeks. (On a 52-week comparable basis, sales were up +2.9%). - Own shop sales at #133.1m were up by 3.2% (+2.0%) despite the number of own shops reducing from 410 to 400 with the closure of non-core stores and transfer in June of 7 motorway service station outlets to Moto (formerly Granada) as part of a new franchise agreement designed to more rapidly expand travel location representation. - Like-for-like sales declined by 0.5% in the full year, a second half fall of -1.9% despite a very strong performance Father's Day at +8.4%. - Franchise sales at #9.3m grew by 34.8% (+33.4%) driven by the increase in outlets from 127 last June to 163. - Commercial sales fell by 3.6% to #15.3m (-2.5%) reflecting mainly a decline in sales to Marks and Spencer. This is not anticipated to continue. - E-commerce and Mail Order sales continue to advance at #2.2m, +20.9% (+19.7%) supported by improved margins, which was the higher priority. Peter Burdon, Chief Executive, commented: '"It was always envisaged that last year was going to be one of stabilisation rather than dramatic recovery in Thorntons' fortunes or like-for-like sales and so it has proved. Whilst we would have liked to have seen higher, more profitable sales growth, we are satisfied with the progress made in the last 12 months. "Effort and commitment being shown on the strategic initiatives, necessary for future growth, are very encouraging. We are on target to deliver the anticipated benefits, though not necessarily all in the next 12 months - this was always envisaged to be a 3-year programme. I look forward to updating you further on progress in September." For further information, please contact: Peter Burdon - Chief Executive, Thorntons PLC 01773 540550 Martin Allen - Finance Director, Thorntons PLC 01773 540550 Charles Ryland - Buchanan Communications 020 7466 5000 1 Full year sales analysis Full year Full year sales sales 2000/2001 1999/2000 (53 weeks) (52 weeks) #m #m Own shop sales 133.1 128.9 Franchise 9.3 6.9 Commercial 15.3 15.8 E-commerce/mail order 2.2 1.9 _____ _____ TOTAL 159.9 153.5 2 Comparison of 2000/2001 sales with the previous year 53 weeks 52 weeks ending ending 30 June 2001 24 June 2000 Own shop sales 3.2% 10.1% Franchise 34.8% (7.5)% Commercial (3.6)% (5.0)% E-commerce/mail order 20.9% 123.7% _____ _____ TOTAL 4.2% 8.6% _____ _____ Own shops like-for-like: First half 0.4% (1.7)% Second half (1.9)% 2.0% Full year (0.5)% (0.2)% 3 Changes in the retail estate can be summarised as follows 53 weeks 52 weeks ending ending 30 June 2001 24 June 2000 Number Number Estate at start of year 410 390 New shops 8 31 Resites - 4 Closures (11) (15) Transfers to Moto Franchise (7) - _____ _____ Estate at close of year 400 410 _____ _____ Franchise shops trading 163 127
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