Shares in UK-based confectioner Thorntons slid 23.17% today as the firm issued an annual profit warning. 

The chocolate-maker said a “significant reduction” in orders from grocers, along with supply disruption due to problems at its Derbyshire depot has led to lower sales in the run up to Christmas, impacting full year earnings.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

“Against a strong comparative period last year, the Board now anticipates a decline in sales in the UK commercial channel for the second quarter of the current financial year. The Board now expects earnings for the full year to be below those achieved for the last financial year,” Thorntons said.

The firm reported GBP7.5m (US$11.7m) in pre-tax profits last year. In October, Thorntons insisted it could hit the consensus expectations for pre-exceptional profit before tax of GBP9.65m.

Shares fell to 91.63p at 10:37 GMT today.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now