Supermarket sales boost for Thorntons

0
Have your say

Somercotes chocolate-maker Thorntons has reported a ‘significant’ rise in half-year profits, driven largely by sales through supermarkets.

The firm said that in the six months to January 12 2013, the company achieved pre-tax profits of £5.3 million, a rise of £2.2 million, or 71 per cent, on the same period 12 months ago.

Sales were also up from £130 million to £133.7 million - a rise of £3.7 million, or 2.9 per cent.

But sales at its own stores fell by 8.3 per cent, to £62.6 million - which the company said was mainly due to the closure of 13 stores.

The firm says is in the process of reducing the size of its High Street presence, in order to concentrate on commercial sales.