Cake Box Holdings PLC (LON:CBOX) said 79 of its 114 franchisees have reopened offering limited menus, following heightened safety measures.
The firm said initial demand from customers was “encouraging” although at “much lower levels” than normal and is now offering delivery services in partnership with unnamed online platforms.
READ: Cake Box expects franchisees to weather storm of coronavirus shutdown
The egg-free cake maker reckons the whole estate will be open by early June, at the discretion of individual franchisees.
“While sales are understandably at lower levels than usual, these should begin to rise as lockdown restrictions ease,” analysts at Liberum commented.
“The venture into delivery is an exciting one and could strategically be important over time.”
Shares rose 3% to 157.75p on Monday at the opening bell.