Hotel Chocolat boss fears Britons are snubbing the company’s pricey treats for Easter and Mother’s Day due to the cost of living crisis
The Hotel Chocolat boss said the retailer was cautious about customer sentiment ahead of Easter and Mother’s Day – due to soaring costs of living.
The high-end chocolate business revealed that sales were down over the past half-year, while profitability also fell, blaming lower international and wholesale revenues.
Angus Thirlwell, the company’s co-founder and CEO, welcomed the recent exchanges at its stores, but he also pointed to continued pressure on consumers.
Cautious: Hotel Chocolat boss Angus Thirlwell welcomed recent trade in his stores but pointed to continued pressure on consumers
“We remain cautious about consumer sentiment regarding the upcoming seasonal Mother’s Day, Easter, Eid and Father’s Day events,” he said.
The company revealed that total revenue fell to £129.8m for the last six months of 2022, from £142.9m a year earlier.
Profits fell to £10.2m from £25.4m in the same period a year earlier.