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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: 0.00 (0.00%)
Spread: 5.00 (3.13%)
Open: 162.50
High: 162.50
Low: 162.50
Yest. Close: 162.50
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Cake Box Posts Solid Maiden Annual Results On Franchise Growth

Mon, 24th Jun 2019 11:43

(Alliance News) - Cake Box Holdings PLC on Monday said returns from franchises and continued expansion into new areas in the UK has led to a strong set of inaugural full year results.

The company, which operates a chain of eggless cake shops, recorded pretax profit of GBP3.8 million for the year ended March 31, up from GBP3.3 million in the year ago period, on a revenue of GBP16.9 million and GBP12.7 million, respectively. Margins improved to 45.7% from 42.9%.

The company opened 27 new franchise stores in 2019 financial versus 23 stores a year ago. As at March 31, Cake Box operated 113 franchise stores.

Franchisee total turnover for 2019 financial year grew by 18% to GBP30.7 million from GBP25.9 million a year ago. Like-for-like sales growth in franchise stores stood at 6.5% versus 15.0%.

Cake Box said it is pleased with trading so far in 2020 financial year and has strong pipeline of new store openings. It remains on track of opening six new franchise stores per quarter.

"The new financial year has started well and we have already opened four new franchise stores, with two more expected to open before the end of June 2019. The Group is well placed for further progress and the Board is confident of another successful year of growth," said Chief Executive Officer Sukh Chamdal.

The company, which listed on the AIM market in June 2018, proposed a final dividend of 2.4 pence per share, giving a total payout of 3.6p for the full year.

Shares in Cake Box were trading 2.6% higher at 170.75 pence each on Monday.

More News

Cake Box Sees Improving Sales Trend Since Reopening Stores

Cake Box Sees Improving Sales Trend Since Reopening Stores

15 Jun 20 10:00

Cake Box FY profit slightly below expectations

(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.

15 Jun 20 07:54

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

8 Jun 20 16:06

UK TRADING UPDATE SUMMARY: Blencowe And BlueRock Recommence Operations

UK TRADING UPDATE SUMMARY: Blencowe And BlueRock Recommence Operations

11 May 20 12:03

Cake Box reopens 79 franchise stores

(Sharecast News) - Egg-free cake retailer Cake Box said on Monday that 79 of its franchise stores are now open and that it expects the full high street estate to be open by early June.

11 May 20 10:02

UK TRADING UPDATE SUMMARY: Companies Cut Pay To Mitigate Virus Impact

UK TRADING UPDATE SUMMARY: Companies Cut Pay To Mitigate Virus Impact

14 Apr 20 13:24

Cake Box Financially "Strong" As Covid-19 Forces Stores To Close

Cake Box Financially "Strong" As Covid-19 Forces Stores To Close

24 Mar 20 12:16

Liberum initiates coverage on Cake Box at 'buy'

(Sharecast News) - Analysts at Liberum initiated coverage on bakery chain Cake Box on Tuesday, hitting the group with a 250.0p target price and a 'buy' rating.

3 Mar 20 13:25

UK BROKER RATINGS SUMMARY: SocGen Cuts Barclays To Hold From Buy

UK BROKER RATINGS SUMMARY: SocGen Cuts Barclays To Hold From Buy

3 Mar 20 09:28

DIRECTOR DEALINGS: Cake Box CFO Buys GBP225,000 In Shares

DIRECTOR DEALINGS: Cake Box CFO Buys GBP225,000 In Shares

26 Nov 19 12:39

UK WINNERS & LOSERS SUMMARY: PetroTal Rises After Lifting Guidance

UK WINNERS & LOSERS SUMMARY: PetroTal Rises After Lifting Guidance

25 Nov 19 10:33

Cake Box profits rise amid store rollout

(Sharecast News) - Cake Box reported a jump in first-half profit and revenue on Monday as it rolled out new stores.

25 Nov 19 09:52

Cake Box Shareholders Have Their Cake As Interim Payout Raised 33%

Cake Box Shareholders Have Their Cake As Interim Payout Raised 33%

25 Nov 19 09:04

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

18 Nov 19 16:10

Cake Box first-half revenues rise, FY expectations backed

(Sharecast News) - Cake Box reported a rise in first-half revenues on Monday amid new store openings, as it backed its expectations for the year.

14 Oct 19 10:08

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