23 December 2014 – trading statement
Shares in Thorntons have slumped this morning after the company revealed a slowdown in sales and problems at its new centralised warehouse facility. However, the issues at the latter appear to have been resolved and so it is hoped that this is a one-off. However, the lost sales over Christmas will mean that full year profits are likely to be lower than last year. Another trading update will be issued on 15 January and we reduce our recommendation to HOLD ahead of that.