FDBusiness.com

The profits of confectionery firm Thorntons will be ahead of current market expectations when its full year results are released in September, according to its trading update released today (July 2).

Thorntons attributed the growth to its rising market share and improved margins due to actions taken over the past two years.

‘Additional  profit potential’

“The board is pleased to report that a combination of sales growth and careful cost management has enabled the additional profit potential to be realised and accordingly pre-exceptional profit before tax for the full year to June 29 2013 will be ahead of current market expectations,” it said in a statement. The current market consensus is £4.6M.

Thorntons will release its final-quarter trading update on July 15 and full year results on September 11 2013.