Trading Statement
April 18 2007 - 2:00AM
UK Regulatory
RNS Number:0326V
Thorntons PLC
18 April 2007
For Immediate Release
THORNTONS PLC
Third Quarter Trading Statement
Thorntons PLC ('Thorntons' or 'the Company') today reported on its trading
progress for the 14 weeks up to and including Saturday 14 April 2007.
Comparative figures include the 2006 Easter trading period.
Key Points:
*The Company has continued to increase sales during the third quarter
of the year achieving overall sales growth of 11.6%
*Own store sales increased by 2.3% during the third quarter benefiting
from an enhanced customer offer, increased product innovation and further
investment in the seasonal gift ranges
*Franchise sales showed an increase of 1.1%
*Commercial sales grew by 55.1% benefiting from an expansion of Thornton's
business with major retailers
*Sales in Thorntons Direct increased by 17.2% as a result of the
significant investment in the website and the increased marketing drive
during the first half
*2 new own stores and 2 new franchise stores were opened in the period
Mike Davies, Thornton's Chief Executive, commented:
"Thorntons has made continued progress in the third quarter following a
difficult start to the year. We are beginning to realise the benefits from the
increased investment in our stores, the enhancement of our product innovation
and the growth of commercial sales.
"During Easter, sales of our excellent chocolate and ice cream products
performed well and the Group expects its full year performance to be in line
with expectations."
Sales #m Q1 Q2 Q3 Q3
14 weeks to 14 weeks to 14 weeks to 14 weeks to
30-09-06 06-01-07 14-04-07 15-04-06
Own stores 23.0 55.4 32.2 31.4
Franchise stores 2.4 5.7 3.2 3.1
Commercial sales 7.2 13.3 11.2 7.3
Thorntons Direct 0.8 3.4 1.7 1.4
Total 33.4 77.8 48.3 43.2
Sales growth % Q1 Q2 Q3 Q3
14 weeks to 14 weeks to 14 weeks to 14 weeks to
30-09-06 06-01-07 14-04-07 15-04-06
Own stores -4.1% -1.1% +2.3% -0.4%
Franchise stores -8.3% +0.1% +1.1% -0.5%
Commercial sales -17.4% +12.6% +55.1% -16.7%
Thorntons Direct -5.1% +26.5% +17.2% +9.8%
Total -7.6% +2.1% +11.6% -3.3%
Like for like sales Q1 Q2 Q3 Q3
growth % 14 weeks to 14 weeks to 14 weeks to 14 weeks to
30-09-06 06-01-07 14-04-07 15-04-06
Own stores -3.5% -0.4% +2.5% +0.5%
Portfolio Stores as New stores Resites Closures Stores as
at 06-01-07 at 14-04-07
Own stores 366 2 1 3 366
Franchise stores 214 2 0 0 216
Total 580 4 1 3 582
END
For further information please contact:
Cardew Group T: 020 7930 0777
Sofia Rehman / Nadja Vetter
This information is provided by RNS
The company news service from the London Stock Exchange
END
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