Cake Box Holdings PLC Half Year Trading Update (9656D)
October 15 2018 - 1:00AM
UK Regulatory
TIDMCBOX
RNS Number : 9656D
Cake Box Holdings PLC
15 October 2018
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
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END
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