Shares in UK confectioner Thorntons were up over 3% this morning (16 July) after the company said annual sales had jumped almost 12%.
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In a trading update ahead of the publication of its preliminary results in September, Thorntons said full-year sales had risen 11.9% to GBP208.1m (US$417.1m).
The news came on the back of a strong fourth quarter, in which sales climbed 16.8% to GBP28.6m.
Chief executive Mike Davies said the company had made “sustained progress” across all its sales channels.
Sales in Thorntons stores, which account for over half of turnover, were up 4.6%, reaching GBP135.1m. Franchise sales rose 14.5% to GBP14.9m, while commercial sales were up by a third.
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By GlobalDataDavies added: “We expect input costs to remain high, but have mitigated the likely impact on the business in the current financial year through increased pricing across all our product ranges.”
Shares in Thorntons were up 3.29% at 110p at 09:56 BST this morning.
