Updates

Cake Box Like-for-like sales accelerate

October 2023

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In an encouraging update Cake Box said sales grew 6.8% in the first 17 weeks to 30th July, marking an acceleration on the 5.4% increase seen in the first 11 weeks. At the same time input costs have fallen, most notably fresh cream (down 25% year-on-year) with European and UK dairy prices easing. Seven franchise stores have been added in the period taking the total to 212 versus its upwardly revised target of 400. With the company increasing its investment in brand awareness a pleasing milestone was the new website launch in June; in FY’23 online represented just over 20% franchisee sales. After payment of the 5.5p final dividend, Cake Box had cash of £6.7m. Shore Cap has left forecasts unchanged for £5.8m pretax prof ...

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Global Ports

Mears

Cake Box - Rising sponge sales drives gross margin increase (August 2024)

Cake Box (June 2024)

Cake Box - Gross margin lifts sharply (January 2024)

Cake Box - Upgraded site target not reflected in lowly prospective PE of 11.2 and then 9.7 (December 2023)

Cake Box - Rejects bid approach (September 2023)

Cake Box - Cake shop franchise on the turn; PE less than half former peak (February 2023)

Cake Box (October 2022)

Cake Box (August 2022)

Cake Box - Strong pipeline of new opening (December 2021)

Cake Box - Liberum upgrades price target to 450p (November 2021)

Cake Box (August 2021)

Cake Box - Target price raised to 360p (June 2021)

Cake Box (December 2020)

Cake Box (November 2020)

Cake Box - Franchised cake shop business with plans to double estate to 250 stores (August 2020)

Cake Box - IPO spikes to large premium (August 2018)

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