Cake Box Holdings PLC
LSE:CBOX
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Cake Box Holdings PLC
Cake Box Holdings Plc engages in making and distributing of fresh cream cakes. The company is headquartered in Enfield, Middlesex and currently employs 107 full-time employees. The company went IPO on 2018-06-27. The firm has approximately 157 franchise stores in addition to kiosks within shopping centers and supermarkets nationally.
Cake Box Holdings Plc engages in making and distributing of fresh cream cakes. The company is headquartered in Enfield, Middlesex and currently employs 107 full-time employees. The company went IPO on 2018-06-27. The firm has approximately 157 franchise stores in addition to kiosks within shopping centers and supermarkets nationally.
Revenue Surge: Group revenues rose by 53.5%, driven by strong demand, the Ambala acquisition, and new store openings.
Ambala Acquisition: Ambala contributed GBP 6.5 million in revenue and GBP 0.4 million in EBITDA, with integration progressing well and synergies expected to be fully realized in H2.
Digital Momentum: Online sales increased nearly 26% year-on-year, now making up 25% of total franchise sales, thanks to focused digital investments and customer engagement.
Like-for-Like Growth: Cake Box franchise like-for-like sales grew 6.3%, up from 2% last year, indicating strengthening underlying demand.
Profit Pressure: Underlying profit before tax was slightly down at GBP 2.7 million, mainly due to higher interest costs from acquisition-related debt.
Dividend Increase: Dividend per share rose by 5.9% to 3.6p, with management maintaining a progressive dividend policy.
Positive Outlook: Management remains confident of meeting full-year growth targets, with expectations of stronger H2 performance due to seasonal factors and recent investments.