- Cake Box Holdings expects higher revenue and adjusted profits
- Franchisee store like-for-like sales increased by 6.2%
- CEO Sukh Chamdal is confident in the company’s growth prospects
Cake Box Holdings, the London-listed cake retailer, has reported that its first-half earnings were in line with expectations. The company expects to see revenue growth of 6% year-on-year, with adjusted profits ahead of the first half of fiscal 2023. This growth is attributed to strong like-for-like franchise store sales and new store openings. Franchisee store like-for-like sales increased by 6.2%, a significant improvement compared to the same period last year. CEO Sukh Chamdal expressed confidence in the company’s growth prospects, citing investments in operations and an enhanced operational team. Despite this positive news, shares were down 0.7% at 144.0 pence.
