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Cake Box to pay special dividend after strong summer trading

Sales in the last three months advanced 14% in franchise stores, with online sales up 74%

Cake Box Holdings PLC - Cake Box to pay special dividend after strong summer trading

Cake Box Holdings PLC (LON:CBOX) has announced plans to pay a special dividend instead of the final for the year ending March 31, which was withdrawn in April.

Shareholders will receive 3.2p per share in October thanks to recent strong trading.

READ: Cake Box franchisees reopen with delivery services

Sales in the last three months to August advanced 14% in franchise stores, with online sales up 74% compared to 2019.

The fresh cake retailer said it had benefited from deliveries through Uber Eats, Just Eat and Deliveroo.

Since June, the group opened five new stores and is also recruiting for new roles at its headquarters.

It is also to repay the £156,000 received under the government’s furlough scheme.

Shares rose 6% to 184.25p on Tuesday morning.

Quick facts: Cake Box Holdings PLC

Price: 179.5 GBX

LSE:CBOX
Market: LSE
Market Cap: £71.8 m
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