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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: 167.50
Bid: 165.00
Ask: 170.00
Change: 0.00 (0.00%)
Spread: 5.00 (3.03%)
Open: 167.50
High: 170.50
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
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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29 Sep 2020 16:01

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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9 Sep 2020 15:51

Director dealings: Cake Box founder lowers stake

(Sharecast News) - Cake Box revealed on Wednesday that chief executive Sukh Chamdal had disposed of 3.75m ordinary shares in the AIM-listed cakes retailer.

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9 Sep 2020 14:14

DIRECTOR DEALINGS: Cake Box Holdings CEO Sells GBP6 Million In Shares

DIRECTOR DEALINGS: Cake Box Holdings CEO Sells GBP6 Million In Shares

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8 Sep 2020 17:56

IN BRIEF: Cake Box CEO To Sell 3.8 Million Shares Via Placing

IN BRIEF: Cake Box CEO To Sell 3.8 Million Shares Via Placing

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1 Sep 2020 18:05

UK TRADING UPDATE SUMMARY: Gear4music Confident In Annual Outlook

UK TRADING UPDATE SUMMARY: Gear4music Confident In Annual Outlook

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1 Sep 2020 09:34

Cake Box reports 'very strong' trading since reopening

(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.

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15 Jun 2020 10:00

Cake Box Sees Improving Sales Trend Since Reopening Stores

Cake Box Sees Improving Sales Trend Since Reopening Stores

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15 Jun 2020 07:54

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.

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8 Jun 2020 16:06

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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11 May 2020 12:03

UK TRADING UPDATE SUMMARY: Blencowe And BlueRock Recommence Operations

UK TRADING UPDATE SUMMARY: Blencowe And BlueRock Recommence Operations

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11 May 2020 10:02

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.

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14 Apr 2020 13:24

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

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

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24 Mar 2020 12:16

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

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

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3 Mar 2020 13:25

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.

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