ProCook Group PLC (LSE:PROC) shares sizzled 12% higher to 37p after the kitchen products retailer served up half-year results showing second-quarter growth accelerating and narrower losses.
Revenue came in at £34.1 million for the 28 weeks to 12 October, up 20.6% compared to a year earlier, as like-for-like revenue increased 8.1%, incliding 12.2% growth in the second quarter.
The top line was also helped by 10 new shops opening since the beginning of the financial year, taking the store estate to 75.
Underlying profits (EBITDA) more than doubled to £2.3 million as gross profit margins improved by 130 basis points to 66.4%.
Operating loss narrowed 17.8% to £1.5 million on an underlying basis.
A "strong" performance has been seen during the early peak season, with revenue in the eight weeks to 7 December up 28.4% year-on-year.
Chief executive officer Lee Tappenden said the group has outperformed the market while making "significant progress with our strategic priorities”, which he said "underpins our confidence in delivering a strong full year performance, in line with market expectations".