Hotel Chocolat shares up after reporting "better than socks" performance

 
William Turvill
Follow William
ITALY-FOOD-GASTRONOMY-CHOCOLATE
Chief executive Angus Thirlwell said: "Hotel Chocolat has had a good start as a listed company" (Source: Hotel Chocolat)

Hotel Chocolat’s shares were up nearly three per cent on Tuesday morning after it reported a 12 per cent increase in revenue.

Newly listed on the alternative investment market (Aim), the company’s turnover totalled £92.6m in the year to 26 June.

Hotel Chocolat said its Father’s Day campaign, Better than Socks, “performed particularly well”.

Read more: Hotel Chocolat's on a sugar high as it begins first day of trading

It also highlighted a new store opening programme that it started after its Aim listing in May.

One new outlet opened in Sheffield in May and four more are expected to launch this year.

The group also said it “maintains focus on its operating margins and tight cost control across all aspects of the business”.

Its share price was up nearly three per cent at the time of writing, on Tuesday morning, to 180.2p.

Hotel Chocolat Hotel Chocolat | mobile image

Read more: Ben & Jerry's is handing out free ice cream in the name of democracy

Angus Thirlwell, co-founder and chief executive of Hotel Chocolat, said: "Hotel Chocolat has had a good start as a listed company, with pleasing growth slightly above expectations.

“We remain confident in our strategy.

“Our plans to invest further in our British chocolate manufacturing operations, in new stores, and in our digital offering are all progressing well."

Related articles