Trading Statement
January 22 2002 - 2:00AM
UK Regulatory
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
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