Home Business News Hotel Chocolat in sweet success over Christmas period

Hotel Chocolat in sweet success over Christmas period

by LLB Reporter
23rd Jan 19 7:54 am

Hotel Chocolat Group has reported a rise in revenue for the 13 weeks ended 30 December 2018. 

Total Group revenue for the period increased 15 per cent compared to the prior year.

Retail, digital and wholesale channels all achieved growth. The business opened 15 new stores during the six months ended December and we now have 117 stores in our UK domestic market. 

Trading since December continues to be in line with management’s expectations. The Board expects to announce the Group’s results for the six months ended 31 December 2018 on 26 February 2019.

Angus Thirlwell, Co-Founder and Chief Executive Officer, said: “This was another strong Christmas for Hotel Chocolat. Our new store openings contributed 5% of the growth in the period, with the balance coming from existing stores, digital and wholesale channels. Our wholesale partnerships were notable successes with strong growth, balancing lower margins with lighter capital investment.

“The Velvetiser in-home hot chocolate system quickly garnered rave reviews from press and customers and we sold over three times our initial forecast. Our new Chocolat Cream Liqueur, as featured in our documentary film last week, was also a hit. We invested in the growth of our new VIP Me loyalty scheme, acquiring over 400,000 members during the period, of which over 85% were in-store buyers, not previously on our database. 

“Initial customer response to our new location in New York and joint venture store in Tokyo has been very encouraging, demonstrating the global appeal of the Hotel Chocolat brand and its ability to travel overseas.”

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