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Thorntons final quarter sales up 16.8%

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Date: Wednesday 16 Jul 2008

LONDON (ShareCast) - Chocolate maker Thorntons saw fourth quarter sales rise 16.8% and said full year results are expected to be on line with expectations.

The group said total company sales continued the positive trend in the fourth quarter, achieving overall growth of 16.8% to £28.6m. Full year sales of £208.1m were 11.9% higher than last year.

Like for like sales in the fourth quarter increased by 3.6% against a strong comparative performance last year of 7.2% growth.

Franchise sales rose 6% to £1.7m in the period and 14.5% for the full year at £14.9m.

Commercial sales grew 47% to £7m in the quarter and by 33.8% in the full year, while sales in Thorntons Direct were up by 44.3% to £1.2m in the quarter, resulting in full year growth of 26.6%.

“We expect input costs to remain high, but have mitigated the likely impact on the business in the current financial year through increased pricing across all our product ranges,” said the group.

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