Cake Box Holdings (CBOX)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

166.36p
   
  • Change Today:
      1.36p
  • 52 Week High: 185.00
  • 52 Week Low: 118.00
  • Currency: UK Pounds
  • Shares Issued: 40.00m
  • Volume: 2,584
  • Market Cap: £66.55m
  • RiskGrade: 23

Cake Box on track for full year despite drop in H1 profits

By Michele Maatouk

Date: Monday 14 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Specialist cream cakes retailer Cake Box said on Monday that it was on track to meet expectations for the full year even as it posted a drop in first-half profit amid cost increases.
In the six months to 30 September, pre-tax profit fell 45.1% to £2m, while revenues edged up 2.1% to £16.8m. Meanwhile, earnings before interest, tax, depreciation and amortisation fell 32.4% to £2.8m.

Cake Box said the decline in profit reflects the previously-reported challenging trading environment in the first half, cost pressures and increased investment in the business.

On a like-for-like basis, franchise store sales dipped 1.1% during the period, against "very strong" comparatives.

Chief executive officer Sukh Chamdal said: "Although revenue increased, trading in the first half of the period was against a very strong comparative period last year, and was impacted by exceptionally hot weather which went on for a far longer period than normal.

"In addition, higher levels of international travel in July and August, were coupled with the rising cost of living and inflation. Once the summer holiday period finished, we began to see a recovery in our sales, alongside the continued growth of our franchise store estate.

"Encouragingly, the improvement in trading seen towards the end of the half year has continued into October. Whilst the board remains cautious in light of the uncertain economic climate and the unpredictability in consumer spending, the group's current trading is on track to achieve full year market expectations."

Since the summer, franchise sales are up 4.6% on a like-for-like basis, it said, while online sales were 6.8% higher on the year in October.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CBOX Market Data

Currency UK Pounds
Share Price 166.36p
Change Today 1.36p
% Change 0.83 %
52 Week High 185.00
52 Week Low 118.00
Volume 2,584
Shares Issued 40.00m
Market Cap £66.55m
RiskGrade 23

CBOX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
5.97% below the market average5.97% below the market average5.97% below the market average5.97% below the market average5.97% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
48.91% above the market average48.91% above the market average48.91% above the market average48.91% above the market average48.91% above the market average
39.29% above the sector average39.29% above the sector average39.29% above the sector average39.29% above the sector average39.29% above the sector average
Income
41.92% above the market average41.92% above the market average41.92% above the market average41.92% above the market average41.92% above the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average
Growth
22.13% below the market average22.13% below the market average22.13% below the market average22.13% below the market average22.13% below the market average
80.77% below the sector average80.77% below the sector average80.77% below the sector average80.77% below the sector average80.77% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CBOX Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Nov-23 27-Jul-23
Paid 15-Dec-23 29-Aug-23
Amount 2.90p 5.50p

Trades for 28-Mar-2024

Time Volume / Share Price
10:24 2 @ 170.00p
10:13 15 @ 165.25p
09:42 63 @ 165.49p
08:54 58 @ 166.04p
08:18 1,551 @ 161.25p

CBOX Key Personnel

CEO Sukh Ram Chamda

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