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Thorntons said sales from FMCG division - which includes sales to supermarkets - surpassed retail revenues for first timeUK: H1 profits up at Thorntons

3 March 2014

UK chocolate manufacturer and retailer Thorntons has reported half-year profits ahead of market expectations.

UK: Thorntons hails "good progress" on turnaround

16 January 2014

UK chocolate maker Thorntons said today (16 January) it has made "good progress" on its turnaround plan, which has seen it refocus the business to concentrate on sales through retailers.

UK: Supermarket sales again boost Thorntons

9 October 2013

Sales through supermarket chains have again bolstered revenue at UK chocolate firm Thorntons.

Quote, unquote: just-food's week in words

16 September 2013

Tesco grabbed the headlines last week after signing an agreement with Yucaipa for its US stores, bringing an end to its failed venture across the Atlantic. Amongst other retailers, Morrisons insisted the "space race" among major UK grocers was "well and truly over" as it released its latest sales and earnings figures. Elsewhere, just-food spoke with Boulder Brands CEO Stephen Hughes about its buoyant gluten-free business. Here is a selection of quotes from last week's news and insight.

On the money: Thorntons confident store estate can be "viable"

11 September 2013

UK chocolate firm Thorntons has said it believes it can create a "viable" and "sustainable" store estate despite sales from the outlets declining for the fifth straight financial year.

UK: Store closures move Thorntons to FY profit

11 September 2013

UK chocolatier Thorntons has moved to a full-year profit driven by its recent store closures and strong growth of its sales via supermarkets.

UK: Thorntons commercial sales continue lift

15 July 2013

UK chocolateer Thorntons saw sales at its commercial division rise by more than one-fifth during fiscal 2013, more than offsetting declining retail sales as the company increases its commercial focus.

UK: Thorntons confirms FY profits to beat City forecasts

2 July 2013

UK chocolate group Thorntons today (2 July) confirmed its annual underlying pre-tax profits will come in ahead of expectations in the City, sending its shares higher.

Interview: Finsbury CEO eyes growth in bread

1 July 2013

Earlier this year UK baker Finsbury Food Group offloaded its gluten-free bread business to venture partner Genius Foods. However, Finsbury, which makes cakes for brands under licence and for UK retailers, still sees potential in bread and today announced plans to significantly increase capacity. Michelle Russell spoke to CEO John Duffy.

UK: Thorntons sales propelled by share gains

24 April 2013

UK chocolate manufacturer and retailer Thorntons has seen a jump in third-quarter sales, boosted by market share gains.

UK: Thorntons sees "satisfactory" Easter

3 April 2013

UK chocolate maker Thorntons has said its Easter sales were "satisfactory", meaning that pre-exceptional profit before tax is on-track to beat current market expectations.

Editor's choice: the highlights on just-food last week

4 March 2013

The fall-out from the horsemeat contamination continued last week, with Tesco outlining plans to shake up its supply chain and source meat from the UK. Elsewhere, UK free-from firm Genius Foods bought out venture partner Finsbury Food Group and, in the US, more buyers were found for Hostess Brands' assets. Click on the headlines for more.

Quote, unquote: just-food's week in words

4 March 2013

UK retailer Tesco grabbed the headlines last week as the horsemeat saga rumbled on. CEO Philip Clarke announced a raft of changes to its supply chain, including a promise to source all fresh chicken from within the UK. Elsewhere, just-food spoke with Genius CEO Roz Cuschieri about its plans for the Finsbury free-from brand it is set to acquire, and the CEO of Hostess Brands announced the successful sales of the majority of its bread units to Flowers Foods.

On the money: Thorntons sees strategy bearing fruit

25 February 2013

Thorntons' improved first-half performance demonstrates that its strategy to shift towards sales through its commercial arm while working to revitalise the brand is starting to pay off, the group insisted this morning (25 February).

UK: Thorntons H1 profits, sales rise

25 February 2013

Thorntons has booked higher first-half earnings, which were boosted by lower costs and a rise in sales.

Best bits: Horse meat saga continues, confectioners hit sweet spot

21 January 2013

Retailers in the UK and Ireland faced some difficult questions last week, when it emerged that horse and pig DNA had been discovered in beefburgers and "beef" ready meals.

Editor's choice: the highlights on just-food last week

21 January 2013

News that Flowers Food has emerged as the "stalking horse" bidder for various Hostess Brands bread brands in the US caught our attention last week. Meanwhile, an entirely different kind of horse got tongues wagging on this side of the pond when food safety officials found horse meat had been used in the production of burgers in the UK and Ireland. There has also been a flurry of news from the confectionery sector, with Barry Callebaut, Lindt and Thorntons hitting the headlines. We can expect more from this category in the coming weeks as the industry gears up for ISM, one of the calendar's biggest trade shows. just-food will be reporting live (and possibly even indulging our sweet tooth).

Quote, unquote: just-food's week in words

21 January 2013

Horse meat is the topic that kept the just-food newsroom busy last week after food safety officials found horse meat had been used in the production of burgers in the UK and Ireland. Tesco was the first to announce the recall of some ranges of burgers, with other retailers quick to follow suit. Elsewhere, Flowers Food emerged as the "stalking horse" bidder for various Hostess Brands bread brands in the US, and in the UK just-food spoke with Thorntons CEO Jonathan Hart on the firm's second-quarter results and his plans for the confectionery firm going forward.

The just-food interview - Jonathan Hart, Thorntons

17 January 2013

UK confectioner Thorntons is undergoing something of a transformation. The chocolate and toffee producer, which has been hit hard by the consumer downturn, is midway through a strategic shift to close the bulk of its store network and focus on commercial sales. Since taking the helm in May 2011, Jonathan Hart has had a mountain to climb: rebalancing the portfolio while tackling weak consumer demand. Nonetheless, the chief executive tells Michelle Russell that the firm is now on the right road for its strategy re-think to deliver improved results.

just-food's research round-up: The Russian chocolate market, snack bars in China

17 January 2013

The latest batch of reports from the just-food research store includes the chocolate market in Russia, snack bars in China and a European dairy industry outlook.

On the money: Thorntons commercial sales good news for turnaround strategy - analysts

16 January 2013

The continued outperformance of Thorntons' commercial division proves the UK confectioner's strategy to rebalance its business model is paying off, analysts have suggested.

UK: Thorntons sounds cautious note despite Q2 sales rise

16 January 2013

UK confectioner Thorntons sounded a cautious note on the year ahead despite booking an increase in second-quarter sales.

UK: Finsbury sells shares to fuel cake investment

14 November 2012

Finsbury Food Group, the UK baker, has sold shares in the company to raise funds to invest in its cake business.

UK: Thorntons sounds cautious note, Q1 sales slide

10 October 2012

UK confectioner Thorntons has sounded a cautious note ahead of the Christmas period as it booked a drop in first-quarter sales.

UK: Record sales boost profits at cake firm Finsbury

24 September 2012

UK cake manufacturer Finsbury Food Group today (24 September) reported an increase in full-year profits after seeing sales exceed GBP200m (US$324.3m) for the first time.

Quote, unquote: just-food's week in words

17 September 2012

This week, Thorntons' CEO Jonathan Hart sounded a cautious note on the economic landscape as the firm recorded a fall in full-year profits. Elsewhere, PepsiCo president John Compton announced his departure from the snack giant as he looks make a move back to Tennessee.

On the money: Thorntons eyes "slow" margin, profit recovery

12 September 2012

Thorntons said it expects to see a "slow" recovery in profitability over the next two years after reporting a fall in annual earnings and as it battles a tough UK market.

UPDATE: UK: Chocolate firm Thorntons eyes North America

12 September 2012

UK confectioner Thorntons has included North America in its target markets overseas after reviewing international opportunities for the business.

UK: Thorntons shares up despite FY profit fall

12 September 2012

Thorntons saw its share price rise this morning (12 September) despite lower full-year profits as an improved second-half performance led to better-than-expected pre-tax earnings.

S AFRICA: Thorntons signs Massmart supply deal

10 September 2012

UK confectioner Thorntons has signed a deal to supply its products to South African retailer Massmart.

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