Last checked at (Sharecast News) - Fresh cream cakes retailer Cake Box said on Tuesday that trading had been "very strong" since reopening in June after Covid-19 restrictions forced it to shut up shops.
In the last three months, Cake Box saw like-for-like sales grow around 14.1% in franchise stores, while online sales continued to grow, up roughly 74% year-on-year.
The AIM-listed company also highlighted that it was now benefiting from "the increasing appeal" of its delivery service through Uber Eats, Just Eat and Deliveroo.
With one month left in Cake Box's first trading half, the group stated it was encouraged by its trading performance since reopening, and opted to pay a special dividend of 3.2p.
Cake Box, which utilised the Government's Job Retention Scheme in order to protect employees, added that would also soon be repaying the approximately £156,000 borrowed under the scheme.
As of 0930 BST, Cake Box shares were up 5.85% at 184.18p.
12 Oct 2020 09:11
Cake Box revenues bounce back following store closures
(Sharecast News) - Fresh cakes retailer Cake Box said on Monday that revenues had improved in the 20 weeks ended 30 September as all of its stores were now open for business following Covid-19 related lockdowns.
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