Sweet times for Hotel Chocolat as revenues rise

 
Emma Haslett
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We all scream for Ice Cream of the Gods (Source: Facebook / Hotel Chocolat)

It's been a mouth-watering year for upmarket chocolatier Hotel Chocolat, which said today revenues had bounced on a new cafe format and a better mobile offering.

The figures

Revenues rose to £104m in the year to 25 June, the company said today, up 12 per cent on last year, ahead of market expectations.

The company added two new stores in the second half of the year, making it 12 in total over the full year, which contributed five per cent to group sales.

Eight of the new stores included its new "shop+cafe" format, which it said is "working well".

Why it's interesting

Hotel Chocolat, which floated on Aim last year, doesn't appear to have been affected by the consumer slowdown currently ravaging high streets. Shares have almost doubled from its 175p IPO price, to 336p last night.

The company said enticing new ideas like in-store cafes and cocoa-infused ice cream known as Ice Cream of the Gods, as well as spring seasonal ranges such as its £75 Easter egg, had helped to deliver "encouraging" results.

Meanwhile, a new website launched earlier this year makes filling your boots with expensive chocolate even easier – even if you're on a mobile. Delicious.

What Hotel Chocolat said

Angus Thirlwell, the company's chief executive, said:

Hotel Chocolat has had another good year, with encouraging growth. We are excited about the progress made with our new shop+cafe format stores and our seasonal ranges continue to perform well.

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