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Pin to quick picksCake Box Holdi. Share News (CBOX)

Share Price Information for Cake Box Holdi. (CBOX)

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Share Price: 162.50
Bid: 160.00
Ask: 165.00
Change: -2.50 (-1.52%)
Spread: 5.00 (3.125%)
Open: 165.00
High: 165.00
Low: 162.50
Prev. Close: 165.00
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Cake Box FY profit slightly below expectations

Mon, 15th Jun 2020 07:54

(Sharecast News) - Egg-free cake retailer Cake Box said on Monday that full-year profit came in slightly below expectations as the Covid-19 pandemic impacted trading in March but that current trends were improving.
In the year to the end of March, adjusted pre-tax profit fell to £3.8m from £4m in 2019, but revenue jumped 10.8% to £18.7m.

Cake Box said the "strong" revenue performance was achieved "despite a disruption in sales across our franchise stores as the Covid-19 pandemic started to impact trading during the final month of our financial calendar year in March 2020".

As previously announced, the company did not propose a final dividend.

Franchisee total turnover rose 19% to £36.5m, while franchisee online sales increased 25% to £5.5m. There was like-for-like sales growth of 2.0% in franchise stores compared to 6.5% in 2019, with LFL sales growth of 5.1% in the period to 8 March 2020, before the impact of the coronavirus.

Since 1 June, 131 of its 133 stores have reopened, offering a limited menu of products. Cake Box said it has seen an "improving trend" since stores reopened, with 75% currently trading at pre-Covid levels.

The company, which started delivery of cakes with Uber Eats and Just Eat in May and most recently Deliveroo, said online sales since the period-end were up around 60% compared to the same period a year ago.

Chief executive Sukh Chamdal said: "We're pleased to report another strong performance for the year, demonstrating the ongoing appeal of our brand and unique customer offer.

"We have a strong pipeline in place to help continue to grow the Cake Box family and are developing new, innovative ways to extend our customer reach. This includes the expanded trial of our shopping centre kiosks and supporting our Click and Collect offer that has proven very popular during lockdown.

"With a strong balance sheet, operational flexibility and a capital light business model, we remain confident in the group's future prospects."
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Cake Box on track after first half of growth

(Sharecast News) - Fresh cream cake retailer Cake Box reported a 6.8% improvement in first-half revenue on Tuesday to £18m.

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30 Oct 2023 19:52

IN BRIEF: Cake Box names Non-Exec Director Blair as new chair

Cake Box Holdings PLC - Enfield, England-based chain of fresh cream cake shops - Martin Blair, currently non-executive director, named non-executive chair after "thorough recruitment process". To succeed Nilesh Sachdev in role on October 31.

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18 Oct 2023 11:35

IN BRIEF: Cake Box reports sales rise and easing cost inflation

Cake Box Holdings PLC - Enfield, England-based chain of fresh cream cake shops - Revenue in the six months that ended September 30, the company's financial first half, is up about 6% from a year before, when it was GBP16.8 million. Adjusted profit is expected to be ahead on year. In the first half of financial 2023, pretax profit was GBP2.0 million, and earnings before interest, tax, depreciation and amortisation was GBP2.8 million. Cake Box says trading in the first half of financial 2024 has been in line with board expectations, and cost pressures are starting to ease. "We remain mindful of the continued pressures on our customers in the current environment and have not increased pricing during the period, which has helped with customer retention whilst ensuring our proposition is attractive to new customers," the company says.

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18 Oct 2023 09:11

Cake Box trading as expected in first half

(Sharecast News) - Cake Box said on Wednesday that trading in the first half of the year was in line with its expectations, with revenues and profits set to jump.

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22 Aug 2023 11:08

Cake Box LFL sales rise; non-exec chair to step down

(Sharecast News) - Cake Box reported a rise in like-for-like sales on Tuesday as it announced the departure of non-executive chairman Nilesh Sachdev.

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22 Aug 2023 10:41

Cake Box sales growth accelerates; chair since IPO to depart

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20 Jul 2023 14:06

Cake Box rejects takeover approach by Australia's River Capital

(Alliance News) - Cake Box Holdings PLC on Thursday confirmed it received a takeover approach from River Capital Pty Ltd in early June but rejected it.

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20 Jul 2023 11:11

Cake Box rejects 160p a share takeover approach from River Capital

(Sharecast News) - AIM-listed Cake Box said on Thursday that it had rejected an unsolicited takeover approach from Melbourne-based investment group River Capital at 160p a share.

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26 Jun 2023 11:33

Cake Box reports rise in annual revenue and optimistic outlook

(Alliance News) - Cake Box Holdings PLC said on Monday that it delivered a fall in profit but a rise in revenue in the year ended March 31, and offered an optimistic outlook for its current financial year, amid improving market conditions.

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