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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: 167.50
Bid: 165.00
Ask: 170.00
Change: 0.00 (0.00%)
Spread: 5.00 (3.03%)
Open: 167.50
High: 172.00
Low: 167.50
Prev. Close: 167.50
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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.
More News
19 Apr 2022 10:45

Cake Box shares climb as hails bumper year for revenue

(Alliance News) - Cake Box Holdings PLC shares climbed on Tuesday, after it said it brought in record revenue in its most recent financial year, helped by a strong second half.

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19 Apr 2022 08:35

Cake Box reports strong second-half trading

(Sharecast News) - Cake Box said annual profit would meet market expectations after a strong second half to the year for the dessert maker.

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14 Mar 2022 16:58

TRADING UPDATES: Abcam returns to profit; Cake Box rings changes

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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14 Mar 2022 12:52

Cake Box CFO Pardip Dass steps down

(Sharecast News) - Specialist cake maker Cake Box announced the departure of its co-founder and chief financial officer Pardip Dass on Monday as it said its full-year performance was set to be in line with expectations.

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24 Jan 2022 15:11

Cake Box acknowledges errors in annual results as shares slide

(Sharecast News) - Cake Box noted the slump in its share price on Monday and cited recent commentary from a retail investor blogger regarding transcription errors in its full-year results.

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24 Jan 2022 14:57

Cake Box promises better internal audits after accounting errors

Cake Box promises better internal audits after accounting errors

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11 Jan 2022 15:35

AG Barr and Cake Box solid defensives amid high inflation - Liberum

AG Barr and Cake Box solid defensives amid high inflation - Liberum

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25 Nov 2021 12:40

IN BRIEF: Cake Box co-founder & CEO sells 7.5% stake for GBP11 million

IN BRIEF: Cake Box co-founder & CEO sells 7.5% stake for GBP11 million

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25 Nov 2021 10:10

Cake Box slumps as CEO and spouse sell 3m shares

(Sharecast News) - Cake Box shares slumped on Thursday after the company's chief executive and his partner sold 3m shares in a placing.

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24 Nov 2021 18:04

IN BRIEF: Cake Box CEO and spouse to sell shares via placing

IN BRIEF: Cake Box CEO and spouse to sell shares via placing

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8 Nov 2021 14:54

TRADING UPDATES: Cake Box, Argentex see record first half performance

TRADING UPDATES: Cake Box, Argentex see record first half performance

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8 Nov 2021 11:53

Cake Box serves up strong growth in first half

(Sharecast News) - Specialist cake retailer Cake Box reported "strong growth" across all of its financial metrics in its half-year results on Monday, with revenue up 91.8% year-on-year at £16.47m, and EBITDA leaping 109.1% to £4.14m.

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1 Nov 2021 16:13

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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4 Oct 2021 14:37

IN BRIEF: Cake Box shares strong first half thanks to home deliveries

IN BRIEF: Cake Box shares strong first half thanks to home deliveries

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4 Oct 2021 10:02

Cake Box interim revenues almost double

(Sharecast News) - Fresh cakes retailer Cake Box said on Monday that trading during the first half had been strong across its store estate and online delivery channels.

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