Hotel Chocolat tastes success as full-year profits jump

Hotel Chocolat has posted soaring full-year profits and plans to open five more stores before Christmas. The retailer, which floated on London’s AIM in May, said today pre-tax profits hit £8.2m in the year to June 26, up from £2.9m in the prior year.

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Total sales rose 12% to £91.1m in the period. A like-for-like sales figure was not disclosed.

The chocolatier and retailer’s co-founder and boss Angus Thirlwell said the business has made “good progress with our three strategic priorities of investing further in our British chocolate manufacturing operations, growing our store estate and developing our digital offering”.

In early trading today the group’s shares rose 7%.

Hotel Chocolat opened seven new stores in the period, bringing its total store estate to 83. Leases have been signed on five more stores, which are due to open before Christmas, the retailer said.

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