Hotel Chocolat provides sweet finish to 2018

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Hotel Chocolat provides sweet finish to 2018
Master Investor Magazine 46 cover

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AIM-listed high street retailer Hotel Chocolat (LON:HOTC) announced that revenues for the 13 weeks to 30th December were 15% higher than during the same period in 2017. The company opened 15 new UK stores during the second half of 2018, bringing its total number of outlets in the country up to 117.

CEO Angus Thirwell 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“.

Hotel Chocolat’s share price climbed by 5.54% to 284.95p (as of 15:40 GMT).

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