UK chocolate and confectionery maker and retailer Thorntons has forecast a drop in profits due to worsening sales in recent months and weak margins as it cut prices to sell extra stock.
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Thorntons said the like-for-like sales trend from the last week of Easter through to the end of June was negative, mainly due to the warm weather.
The company now expects profit before tax for the year to June of around £6.4m (US$10.4m), a decline of 10% from the previous year.
