By Marcus Leach

Thorntons the chocolate makers have, on the back of weak consumer confidence and higher levels of promotional activity, issued a profit warning.

In the forecast they predict that they will break even in the 53 weeks to June 30th 2012.

However, 'onerous leasing charges' caused profits to be hit last year, with lease payments on closed stores affecting profit margins.

In September Thorntons reported a loss of £253,000 for the year to 25 June 2011, compared with a profit of £4.4 million the previous year.

And now, for the remainder of this year profits are expected to finish below original expectations.

Join us on
Follow @freshbusiness

Topics