Thorntons issues profit warning
Chocolatier Thorntons has warned its full year profits will miss expectations as consumers continue to cut back and it battles high levels of promotional activity on the high street.
Chocolatier Thorntons has warned its full year profits will miss expectations as consumers continue to cut back and it battles high levels of promotional activity on the high street.
The firm now believes that profit before taxation, exceptionals, impairment and "onerous lease charges" would break even for the year to the end of June 2012.
Thornton's said it would update the market further on 12th January 2012.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It has been a tough year for the company, which announced in June it would close up to 180 of its own shops over the next three years, replacing many of them with franchises.
The firm's share price has fallen 60% in the last 12 months.
The firm is hoping for a successful Christmas after it saw sales drop 7.6% in the fourteen weeks to 1 October.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
New Chase bonus deal takes savings rate to 4.75% – is it worth it?
Chase’s latest savings deal propels it into first place in the best-buy tables, but there are some pitfalls to look out for
By Katie Williams Published
-
Review: Trasierra – a yoga retreat in the Spanish hills
Flora Connell joins a yoga retreat at Trasierra, in the Sierra Morena mountains north of Seville
By Flora Connell Published