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Cake Box Holdings PLC - Enfield, England-based chain of fresh cream cake shops - Revenue in the six months that ended September 30, the company's financial first half, is up about 6% from a year before, when it was GBP16.8 million. Adjusted profit is expected to be ahead on year. In the first half of financial 2023, pretax profit was GBP2.0 million, and earnings before interest, tax, depreciation and amortisation was GBP2.8 million. Cake Box says trading in the first half of financial 2024 has been in line with board expectations, and cost pressures are starting to ease. "We remain mindful of the continued pressures on our customers in the current environment and have not increased pricing during the period, which has helped with customer retention whilst ensuring our proposition is attractive to new customers," the company says.
Franchisee store like-for-like sales are up 6.2%, compared to a 1.6% decline in the same period a year before. Nine new stores are opened in the first half, bringing the total franchise store estate to 214 stores.
Current stock price: 140.00 pence, down 3.5% in London on Wednesday morning
12-month change: up 19%
By Tom Waite, Alliance News editor
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