Inactive Instrument

HOTL CHOC

Equities

HOTC

GB00BYZC3B04

Hotel Chocolat shares plunge as expects annual loss

June 23, 2023 at 04:20 am EDT

Hotel Chocolat Group PLC - Hertfordshire, England-based chocolate maker - Expects to deliver an underlying marginal loss before tax for financial 2023. For financial 2022, underlying pretax profit was GBP21.7 million. For financial 2024, it expects sales and underlying pretax profit to be lower than current market expectations due to ongoing weakness in consumer sentiment and continuing inflationary pressures.

Back in March, the firm reported pretax profit in the six months to December 25 of GBP8.3 million, down 59% from GBP20.4 million the year before. Underlying pretax profit was GBP10.2 million. Revenue declined 9.2% to GBP129.8 million from GBP142.9 million.

Current stock price: 122.00 pence each, down 12% on Friday morning in London

12-month change: down 59%

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about HOTL CHOC

Investors in wait-and-see mode	Jan. 25
Hotel Chocolat's Sale to US Food Group Mars Inc Takes Effect	Jan. 25	MT
Mars, Incorporated completed the acquisition of Hotel Chocolat Group plc from a group of sellers and others.	Jan. 24	CI
Global markets live: EasyJet, Netflix, AT&T, eBay, Apple...	Jan. 24
Hotel Chocolat says Mars takeover sanctioned by court	Jan. 23	AN
UK High Court Clears Hotel Chocolat's Sale to Mars	Jan. 23	MT
Hotel Chocolat Shareholders Approve Sale to Mars' Hive Bidco	Jan. 17	MT
Phoenix Asset Management Discloses 10.42% Stake In Hotel Chocolat - Filing	Dec. 19	RE
Analysis-Global small-cap stocks lure bargain hunters after sluggish 2023	Dec. 07	RE
FTSE 100 Closes Down 1% as Oil, Mining Stocks Weigh	Nov. 16	DJ
Stocks give way after rate optimism-fuelled rally	Nov. 16	AN
Stocks down as post-inflation data rally fades	Nov. 16	AN
AIM WINNERS & LOSERS: Hotel Chocolat, City Pubs surge on takeover bids	Nov. 16	AN
Mars checks into Hotel Chocolat with GBP530 million offer	Nov. 16	AN
The LSE takes a breather	Nov. 16
FTSE 100 flat; Burberry tumbles on weak outlook	Nov. 16	AN
Hotel Chocolat Group Agrees GBP534 Million Takeover by US-based Mars; Stock Skyrockets	Nov. 16	MT
FTSE 100 struggles after rally as Burberry drags	Nov. 16	RE
Mars to buy Britain's Hotel Chocolat for $662m	Nov. 16	RE
Burberry cuts guidance; Mars to buy Hotel Chocolat	Nov. 16	AN
Hotel Chocolat Received Proposed Cash Acquisition For 375 Pence In Cash For Each Share	Nov. 16	RE
Mars to buy Britain's Hotel Chocolat for $662m	Nov. 16	RE
Mars, Incorporated agreed to acquire Hotel Chocolat Group plc from a group of sellers and others for approximately £520 million.	Nov. 15	CI
Byotrol interim sales flat; Argo loss narrows	Nov. 14	AN
FTSE 100 Ends Higher Fueled by Energy Stocks	23-10-12	DJ

Chart HOTL CHOC

Duration

Period

More charts

Company Profile

Hotel Chocolat Group plc is a United Kingdom-based chocolate manufacturer and retailer. The principal activities of the Company are the manufacture and retail of chocolate in the United Kingdom and overseas. It offers boxed chocolates, luxury gifts, or giant chocolate slabs for birthdays, anniversaries, celebrations, and other. Its United Kingdom (UK) market is focused on UK Physical, which includes stores, cafes, and restaurants; UK Digital, which includes online sales, including subscriptions, and UK Partners and business-to-business (B2B), which is focused on wholesale and partners. International market includes overseas locations, including the United States, Ireland and Japan. Its Cacao estate and hotel includes a cacao farm and hotel in Saint Lucia. Its product types include Beauty Gifts, Batons and Slabs, Chocolate Boxes, Chocolate Gift Sets, Chocolate Selectors, Cooking Chocolate, Coffee Ceramic Cups, Gift Cards, Small Chocolate Packs, Luxury Biscuits, and various other.

Sector

More about the company