Trading Statement
January 17 2001 - 1:00AM
UK Regulatory
RNS Number:3225X
Thorntons PLC
17 January 2001
17 January 2001
THORNTONS PLC
SALES TRADING STATEMENT
28 WEEKS ENDED 6 JANUARY 2001
* Total Company sales rose by 5.4% to #99.4 million in the 28 weeks.
* Own shop sales, at #82.0 million, were up 4.1% on last year. Reflecting our
expansion slow-down, only a net 2 shops were added.
* Like-for-like performance was +0.4% in the 28 weeks ending 6 January 2001.
* The 7-week Christmas period ending 24 December 2000 also produced
a like-for-like increase of +0.6%.
* Reflecting the increased focus on Franchise activities, sales rose
by 41%.
* Commercial sales rose by 1.2% to #10.8m and Mail Order/e-commerce
were up by 19.8% to #1.2m.
Peter Burdon, Chief Executive, commented: "Whilst we showed some pleasing
sales recovery, particularly in Franchise partners, and there was negligible
stock overhang from Christmas, we need to continue the work and effort to
ensure we build on this to deliver bottom line improvements".
Thorntons plc will be announcing their Interim Results on Tuesday 6 March
2001.
For further information, please contact:
Peter Burdon - Chief Executive, Thorntons plc 01773 540550
Martin Allen - Finance Director, Thorntons plc 01773 540550
Charles Ryland / Catherine Miles - Buchanan Communications 0207 466 5000
1 Interim sales analysis
First half First half Full year
sales sales sales
2000/01 1999/00 1999/00
#m #m #m
Own Shop sales 82.0 78.8 128.9
Franchise 5.4 3.8 6.9
Commercial 10.8 10.7 15.8
E-commerce/mail order 1.2 1.0 1.9
----------- ----------- -----------
TOTAL 99.4 94.3 153.5
----------- ----------- -----------
2 Comparison of 2000/01 interim sales with the previous year
28 weeks ending 28 weeks ending Full year
6 Jan 2001 8 Jan 2000 1999/00
Own Shop sales 4.1% 9.7% 10.1%
Franchise 41.3% (22.3%) (7.5%)
Commercial 1.2% (3.4%) (5.0%)
E-commerce/mail order 19.8% 148.6% 123.7%
----------- ----------- -----------
TOTAL 5.4% 7.5% 8.6%
----------- ----------- -----------
Own Shops like-for-like 0.4% (1.7%) (0.2%)
3 Changes in the retail estate can be summarised as follows
Opening number 410 390 390
New shops 8 25 31
Resites 0 3 4
Closures (including (6) (10) (15)
resites)
------- ------ ------
Closing number 412 408 410
------- ------ ------
Franchise shops trading 148 120 127
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