Thorntons warns on melting profits

Wednesday 08 November 1995 19:02 EST

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Thorntons warns on melting profits

Thorntons, the chocolate manufacturer and retailer, issued a profits warning yesterday, blaming the warm summer for melting sales. The company said full-year profits would probably be below last year's pounds 10.5m. Thorntons' shares fell 7p to 136p on the news, just 9p above the issue price when the company was floated in 1988. John Thornton, chief executive, said the company had hoped to recover the summer shortfall during October but had been wrongfooted by the mild early autumn weather.

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