Trading Statement
January 25 2005 - 2:00AM
UK Regulatory
RNS Number:7421H
Thorntons PLC
25 January 2005
25 January 2005
THORNTONS PLC
SALES TRADING STATEMENT
28 WEEKS ENDED 8TH JANUARY 2005
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 8th January 2005.
* Total company sales increased by 9.5% to #119.7m.
* Own shop sales declined by 0.3% to #85.4m on an estate of 377, eleven fewer
shops than last year.
* Own Shop like-for-like sales for the half year were up 0.8%. Sales in the
four weeks to Christmas, on a like for like basis, were down by 0.5%.
* Franchise sales were up by 9.3% to #8.6m but there were 20 more outlets
than in the first half last year. On a like-for-like basis sales were down
4.1%.
* Commercial sales accounted for almost all of the increase in Group sales in
the first half. Thorntons products sold to other retailers increased by
#9.8m to #13.4m, an increase of 270% on last year. Private label
commercial sales rose by 2.7% to #9.1m.
* Thorntons Direct sales declined by 2.1% to #3.2m.
Christopher Burnett, Chairman, commented: "Christmas trade in our own shops
began slowly compared with last year, but picked up strongly in the final few
days. Significant growth in the sale of Thorntons products into other retailers
was anticipated by management and factored into our plans.
Based on our expected interim results, and barring any unforeseen circumstances,
we would anticipate the results for the full year to be in line with
management's expectations" .
Thorntons PLC will be announcing their Interim Results on Tuesday, 22nd February
2005.
For further information, please contact:
Christopher Burnett - Executive Chairman, Thorntons PLC 01773 542339
Peter Burdon - Chief Executive, Thorntons PLC
John Wall, Finance Director - Thorntons PLC
Charles Ryland / Nicola Cronk - Buchanan Communications 020 7466 5000
(1) Interim Sales Analysis
First Half Sales First Half Sales Full Year Sales
2004/05 2003/04 2003/04
#m #m #m
Own Shop 85.4 85.8 136.8
Franchise 8.6 7.8 12.9
Private label commercial 9.1 8.8 13.7
Thorntons branded commercial 13.4 3.6 10.0
Thorntons Direct 3.2 3.3 5.3
Total 119.7 109.3 178.7
(2) Comparison of 2004/05 sales with the previous year
28 weeks ending 28 weeks ending Full Year
08-Jan-05 10-Jan-04 2003/04
Own Shop -0.3% 2.4% 2.2%
Franchise 9.3% 1.3% 4.9%
Private label commercial 2.7% 6.0% 8.7%
Thorntons branded commercial 270.0% 140.0% 222.6%
Thorntons Direct -2.1% -2.9% 0.0%
Total 9.5% 4.4% 6.9%
Own Shops like-for-like 0.8% 2.5% 2.6%
(3) Changes in the Retail estate can be summarised as follows
Opening number 378 389 389
New shops 3 2 3
Resites 0 0 0
Closures -4 -3 -14
Closing number 377 388 378
Franchise shops trading 221 201 203
Royalties from licensed products (#'000) 260 248 412
This information is provided by RNS
The company news service from the London Stock Exchange
END
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