Thorntons profit slumps with rising cocoa price taking its toll

Thorntons profit slumps with rising cocoa price taking its toll

September 4, 2021 gtfgzpay 0

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo KCS-content Share Tags: NULL whatsapp Wednesday 6 October 2010 7:54 pmcenter_img CHOCOLATE maker and seller Thorntons posted a 2.4 per cent fall in full-year profit as own store sales fell and said it expected market conditions to remain tough.The firm, which issued a profit warning in May, said yesterday it made a profit before tax of £6.1m in the year to 26 June. That compares with analysts’ consensus forecast of £6.5m.The group, which trades from around 600 stores, said overall revenue was flat at £214.6m.Thorntons said its key challenge continues to be the own stores channel, which saw a 3.6 per cent fall in sales. It also warned of the impact of spiralling cocoa prices causing possible price rises.“We have strengthened our senior retail management team and we believe that this, together with extensive product innovation and changes to the promotional and marketing programmes, should have a positive impact on trading in the lead up to Christmas,” it said in a statement.The firm said trading since the year-end had been in line with internal expectations. Thorntons, which cut net debt to £26m during the year, maintained its total dividend payout at 6.05p.The traditional chocolate maker was founded 99 years ago. Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Thorntons profit slumps with rising cocoa price taking its toll whatsapp Show Comments ▼last_img

 

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