Hotel Chocolat has grown its pre-tax profit by 13 per cent to £12.7 million for the year ended 1st July 2018 on revenues of £116.3 million. Online sales had increased by 14 per cent and the business had also opened 15 stores in new locations.
Angus Thirlwell, CEO commented :”The encouraging performance of our UK channels means we remain confident of further growth, with an exciting range of new product innovations for this Autumn, including our Chocolat Cream Liqueur and the Velvetiser in-home Hot Chocolat system.” (The Velvetiser product is already receiving coverage in the national press).
On international expansion Thirlwell said “We are increasingly confident that international expansion presents a growth opportunity , and (we) will be adopting a cautious ‘test, learn, grow’ approach to our new partnership in Scandinavia and our new ventures in the US and Japan, where we intend to open our first stores this winter.”
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