Cake Box Holdings - Trading Update
Cake Box Holdings plc
("Cake Box" or the "Company" or the "Group")
Half Year Trading Update
Continued trading momentum in store and online
Cake Box Holdings plc, the specialist retailer of fresh cream cakes, today announces its half year trading update for the six months ended
Trading momentum since reopening
As previously reported, the half year period included six weeks during which all of the Group's stores were closed due to the
The positive momentum in sales experienced prior to the onset of COVID-19 continued following the reopening of the Group's estate with revenues of
For the full six month period, including the six weeks of closure, we achieved revenues of
Rollout of the Group's store estate
Six new franchise stores were added to the Group's estate during the half year, bringing the total number of stores to 139. Recent store openings included Chatham,
The Group has a very strong pipeline of new franchisees, driving confidence that the franchise store rollout programme will return to levels seen prior to the onset of COVID-19. Currently, the Group has received and is holding deposits for 47 sites across the country.
Strong balance sheet, special dividend declared
The Group had
As previously announced on
Notice of results
The Group expects to report its results for the six months ended
"This result is testament to the dedication, agility and entrepreneurial spirit of the Cake Box family, particularly our franchisees and their employees.
We continue to see strong momentum across the business both in store and online, with like-for-like sales of 12.1% since reopening the business. We have received a record number of new store applications, giving us confidence that the momentum in our national rollout will return to pre-COVID levels.
Despite the wider environment, our unique proposition for customers and potential franchisees remains highly attractive and we are confident of further progress in the second half."
For further information, please contact:
Cake Box Holdings plc
+44 (0) 20 8050 2026
+44 (0) 20 7408 4090
+44 (0) 20 3128 8570
*Like-for-like: Stores trading for at least one full financial year prior to
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