UK high street confectionery retailer Thorntons today [Tuesday] reported like-for-like sales up 6.8% in the first nine weeks of its financial year.
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The company said it had maintained the positive trading pattern set in its full year ended 29 June, when pre-tax profits rose 16% to £7.1m (US$11.1m). Turnover in the year climbed 2.4% to £164m.
The board is confident that it has set in train a series of actions capable of generating good earnings growth immediately and significant enhancement of shareholder value in the medium term, the company said in a release.
The company also welcomed Philip Douty as its new trading director, with effect from 30 September. Recently managing director of Boots Wellbeing Services, Philip spent eight years in total at Boots, after roles within Grand Metropolitan and Colgate-Palmolive.
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