Hotel Chocolat Q2 revenues grow, FY seen 'marginally ahead' of expectations
Hotel Chocolat Group
374.00p
16:35 24/01/24
Chocolatier Hotel Chocolat said on Tuesday that second-quarter total group revenues had increased 37% year-on-year and 63% when compared to the equivalent period in 2020.
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For the first half, total Group revenue was said to be "strong", increasing 40% compared to the prior year and 56% compared to two years ago, the last equivalent period prior to the impact of the Covid-19 pandemic.
In the UK, the group's strong brand position and multichannel model enabled growth of 38%, while in the US, Hotel Chocolat's digital-led strategy delivered growth of 128%, with active customer database growth of 119%, and in Japan, its multi-channel joint venture achieved growth of 131%.
Looking forward, Hotel Chocolat stated that trading throughout the period had been "encouraging" and that it now expects trading to be "marginally ahead" of management's expectations for the current financial year.
As of 0950 GMT, Hotel Chocolat shares were up 1.23% at 516.28p.