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	[phone]
Shore Capital Stephane Auton Patrick Castle James Thomas	[phone]
MHP Communications Oliver Hughes Simon Hockridge Charlie Barker Pete Lambie	[phone]

 

END

 

 

TSTUORSRWOARAAA