The egg-free cream cake brand and retailer, Cake Box has unveiled double-digit profit and sales growth amis continues expansion in its first year as a stock market-listed business. They opened 27 new stores in the year to March 31.
The results come almost a year after Cake Box floaed on the junior market in London, when it achieved a valuation of just over £50 million. The rising share price since then has pushed the market capitalisation to over £66 million.
“These results demonstrate the continuing appeal of the Cake Box brand, to both customers and franchises, combined with the financial strength of the group, particularly the strong cash generative nature of our business model, In the past financial year, we have made good progress with our strategic priorities of new store growth, growing our existing stores, introducing new product lines and developing our digital marketing.”
Sukh Chamdal – Chief Executive, Sukh Chamdal
