​Hotel Chocolat full-year profits beat expectations as sales climb

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Hotel Chocolat has reported a sales rise spurred by product innovation in what boss Angus Thirlwell described as a “year of significant progress”.

The confectionery specialist posted an 11% rise in pre-tax profit to £14.1m in the in the 52 weeks to June 30, driven by a 14% rise in revenue to £132.5m.

The retailer opened 14 new stores across the UK and ROI during the year as well as two new US stores and the launch of its joint venture in Japan.

Hotel Chocolat signed up 900,000 members to its VIP Me loyalty scheme in the year as its Velvetiser hot chocolate machine spurred sales and rave product reviews.

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