Easter blow for Thorntons
Chocolate retailer Thorntons yesterday said profits will missexpectations after disappointing Easter sales at its high street stores.
The group said like-for-like shop sales were down 4.6 per cent in the 14 weeks to April 17, greater than the 2.4 per cent decline seen in the previous six months.
As well as disruption from severe weather conditions at the start of the period, Thorntons said that Easter trading overall was below plan.
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Hide AdIt is taking a "cautious view" on the outlook for the remainder of the financial year.
Thorntons reduced its pre-tax profits guidance for the year to 7.5m, compared with the City's forecast of around 8.9m.