Chocolate delights come at a premium
There is no doubting the excellence of its products, and the latest trading update covered here was extremely encouraging, but we continue to question the valuation of the premium British chocolatier.
Hotel Chocolat: fantastic performanceHotel Chocolat (LON:HOTC), the premium British chocolatier, has really impressed us with its latest trading update. You can read our earlier in-depth premium coverage on this this delightful company here. Despite physical retail locations in England being closed for six weeks during the period, including for both Mother's Day and Easter, the Group reported 60% growth in revenue for the eight-weeks ending 25 April 2021. In the comparable period a year earlier, physical retail locations were closed for 5 weeks, however, they were open for Mother's Day. Revenue for the eight-weeks is also 19% higher than the comparative…