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Cake Box Holdings (CBOX)

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Monday 15 October, 2018

Cake Box Holdings

Half Year Trading Update

RNS Number : 9656D
Cake Box Holdings PLC
15 October 2018
 

15 October 2018

 

Cake Box Holdings plc

("Cake Box" or the "Company" or the "Group")

 

Half Year Trading Update

 

Cake Box Holdings plc, the specialist retailer of fresh cream cakes, today announces a trading update for the six months ended 30 September 2018.

 

The Group traded strongly during the period with average sales per store continuing to grow and a record number of new store openings.  The Group expects to report revenue for the period up c.40% to c.£8.3m compared to the same period last year. Following the strong first half of the year, the Board now expects profits for the full year to be ahead of current market expectations.

 

15 new franchise stores were added during the period, bringing the total number of stores to 102.  Recent store openings included Bletchley, Northampton and Derby.

 

The Group will report its Half-Year results for the six months ended 30 September 2018 on 26 November 2018.

 

Sukh Chamdal, Chief Executive Officer, commented:

 

"We have delivered a strong trading performance for the period, during which we successfully completed our IPO in June. We continue to build momentum with a record number of new franchise store openings, and an increase in the average sales per store.

 

"We look forward to the second half of the financial year with confidence, with a strong pipeline of new franchise stores putting us on track to match the number of stores opened during the first half."

 

For further information, please contact:

 

Cake Box Holdings plc

Sukh Chamdal, CEO

Pardip Dass, CFO

 

+44 (0) 20 8443 1113

Shore Capital

Stephane Auton

Patrick Castle

James Thomas

 

+44 (0) 20 7408 4090

MHP Communications

Oliver Hughes

Simon Hockridge

Charlie Barker

Pete Lambie

 

+44 (0) 20 3128 8570

 


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