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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:2852Q Thorntons PLC 22 January 2002 22 January 2002 SALES TRADING STATEMENT 28 WEEKS ENDED 12 JANUARY 2002 Thorntons PLC, the speciality retailer and manufacturer of high quality chocolate, toffee and other confectionery, is today reporting sales figures for the 28 weeks ended 12 January 2002. • Total company sales increased by 3.0% to £102.4m in the 28 weeks • Own shop sales rose by 2.1% to £83.7m but were generated from less locations. Since last year we have continued to reduce from 412 shops to 394 as we improve our shop portfolio. • Like-for-like improvement over the whole 28 weeks was +4.1% with a strong Christmas performance (7 weeks to 29th December) of +8.0%. • Franchise sales growth continues to benefit from new outlets with turnover up by 30.9% to £7.0m and locations up from 148 to 181. • Commercial sales fell to £9.2m from £10.8m reflecting lower sales of non-Thorntons branded product, withdrawal from some lower margin business and a transfer of lower volume customers to the Mail Order channel. This contributed to: • E-commerce and Mail Order continuing to grow strongly by 100.1% to £2.5m. Peter Burdon, Chief Executive, commented: '"I am extremely pleased to be able to report further evidence that progress is being made, in particular we are profitably growing sales in our own store network without seasonal overhang. The Christmas performance was strong and it demanded great teamwork and organisation to be able to deliver these results." Thorntons plc will be announcing their Interim Results on Tuesday February 26th, 2002 For further information, please contact: Peter Burdon - Chief Executive, Thorntons PLC 01773 540550 Martin Allen - Finance Director, Thorntons PLC 01773 540550 Catherine Miles - Buchanan Communications 020 7466 5000 1 Interim sales analysis First Half Sales First Half Sales Full year sales 2001/02 2000/01 2000/01 £m £m (53 weeks) £m Own shop sales 83.7 82.0 133.1 Franchise 7.0 5.4 9.3 Commercial 9.2 10.8 15.3 E-commerce/mail order 2.5 1.2 2.2 TOTAL 102.4 99.4 159.9 2 Comparison of 2001/2002 sales with the previous year 28 weeks ending 28 weeks ending Full year 12 January 2002 6 January 2001 2000/01 Own shop sales 2.1% 4.1% 3.2% Franchise 30.9% 41.3% 34.8% Commercial (14.9)% 1.2% (3.6)% E-commerce/mail order 100.1% 19.8% 20.9% TOTAL 3.0% 5.4% 4.2% Own shops like-for-like: 4.1% 0.4% (0.5)% 3 Changes in the retail estate can be summarised as follows Opening number 400 410 410 New shops 2 8 8 Resites 1 0 - Closures + Transfers (9) (6) (18) Closing number 394 412 400 Franchise shops trading 181 148 163 This information is provided by RNS The company news service from the London Stock Exchange
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