Cake Box Holdings PLC Half Year Trading Update (9656D)

TIDMCBOX

RNS Number : 9656D

Cake Box Holdings PLC

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.GBP8.3m 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

TSTUORSRWOARAAA

(END) Dow Jones Newswires

October 15, 2018 02:00 ET (06:00 GMT)

Cake Box (LSE:CBOX)
Historical Stock Chart
From Apr 2024 to May 2024