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

Share Price Information for Cake Box Holdi. (CBOX)

London Stock Exchange
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Share Price: 195.00
Bid: 190.00
Ask: 200.00
Change: 3.00 (1.56%)
Spread: 10.00 (5.263%)
Open: 197.50
High: 195.00
Low: 195.00
Prev. Close: 192.00
CBOX Live PriceLast checked at -

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Cake Box serves up tasty maiden interim results

Mon, 26th Nov 2018 11:06

(Sharecast News) - Specialist cakes retailer Cake Box issued a tasty set of maiden results on Monday, with profit, revenue and the dividend all higher.In the six months to 30 September, adjusted pre-tax profit rose 34% to £1.97m on revenue of £8.28m, up 44% on the previous year. Earnings before interest, taxes, depreciation and amortisation were up 34% to £2.18m and the company lifted its interim dividend by 17% to 1.20p a share.Franchisee total turnover was up 29% to £14.1m, while franchisee online sales were 86% higher at £1.99m and like-for-like sales grew 4.4% at franchise stores.The company, which completed its IPO on AIM back in June, said it achieved "impressive" growth despite the hot weather, which hit high street footfall and like-for-like sales growth at many of its stores during the summer months.Non-executive chairman Neil Sachdev said: "These results reflect the robust growth opportunity presented by our franchisee store roll-out strategy. I look forward to further progress in the remainder of our financial year. We celebrate 10 years of Cake Box with our staff and franchisees in 2019."Cake Box said its performance in the first eight weeks of the second half has been "encouraging" and it has already opened four new stores."The group is well placed for further progress and the Board remains confident of another successful year of growth," said chief executive Sukh Chamdal.Shore Capital analyst Darren Shirley said the results confirm "excellent progress", with the franchise estate growing strongly, leading to "outstanding" profit growth at all levels.Russ Mould, investment director at AJ Bell, said the results were "great" and should help boost sentiment towards the stock after it briefly and unfairly took a knock due to negative read-across from the Patisserie Valerie accounting scandal."The only similarity between Patisserie and Cake Box is that they both sell cakes. The problems affecting the former look to be company-specific rather than sector-wide."The latest financial results from Cake Box suggest the company's offering, selling eggless and fresh cream personalised celebration cakes which can be ordered and collected in an hour, is proving to be a winner with consumers."The next few weeks, encompassing Christmas and New Year, are likely to have a significant bearing on the full year results."At 1030 GMT, the shares were up 2.4% to 180.20p.
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12 Mar 2025 11:31

Cake Box raises equity to fund GBP22 million Ambala Foods acquisition

(Alliance News) - Cake Box Holdings PLC on Wednesday raised GBP7.0 million from a share offer to partially fund its agreement to purchase sweets maker Ambala Foods Ltd.

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12 Mar 2025 09:07

Cake Box to buy Asian sweets manufacturer Ambala Foods for £22m

(Sharecast News) - AIM-listed Cake Box said on Wednesday that it has agreed to buy Asian sweets manufacturer and retailer Ambala Foods for £22m.

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Cake Box interim profit grows nearly 20% despite challenging market

(Alliance News) - Cake Box Holdings PLC on Tuesday said profit grew nearly 20% in the first half of its current financial year, despite "challenging market conditions".

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12 Nov 2024 10:31

Cake Box upbeat after strong first half

(Sharecast News) - Cake Box reported a strong first-half performance on Tuesday, with revenue increasing 4.3% to £18.7m, supported by positive momentum in franchise store sales and expanding online demand.

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24 Sep 2024 14:30

IN BRIEF: Cake Box launches Nutella collection as teams up with brand

Cake Box Holdings PLC - Enfield, London-based eggless cake maker - Announces collaboration with hazelnut spread brand Nutella and launch of "Cake Box's Nutella Collection", a line-up of five new products for the UK market. The new Nutella line-up includes two glazed berry naked cakes, a berry cheesecake, a chocolate flake cupcake and a glazed strawberry slice. Cake Box Chief Executive Officer Sukh Chamdal says: "We are thrilled to partner with Nutella, a brand that resonates with dessert lovers across the globe. This collaboration aligns perfectly with our mission to deliver exceptional quality and delicious taste for our customers. We are confident that these new products will inspire and delight our customers as they celebrate life's special moments."

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27 Jun 2024 15:55

IN BRIEF: Cake Box CEO Sukh Chamdal buys GBP87,000 in shares

Cake Box Holdings PLC - Enfield, London-based eggless cakes maker - Chief Executive Officer Sukh Chamdal buys 50,000 shares at 174 pence each, worth GBP87,000, in London on Wednesday. Chamdal is now interested in 10.2 million shares, a 25.5% stake.

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