Cake Box wraps up strong year

Baked foods outfit Cake Box Holdings (LON:CBOX) has seen its share price rise by 3.19% to 161.50p (as of 13:30 BST) after it published an update for the year ended 31st March. Like-for-like revenues grew by 6.5%, down from the 15% in the previous year, but the company rapidly added new stores through the year. The group expects to report an overall increase in revenues of around 30% for the period.

CEO Sukh Chamdal said: “Our first year as a public company has been an exciting one. We’ve achieved record revenues, opened a record number of stores and continue to see strong appetite for our unique customer offer.

“As we continue to grow our presence for customers across the UK, we have invested in new facilities to support expansion, including two new warehouse and distribution centres in Bradford and Coventry.

“We believe the Group ideally positioned to deliver profitable growth and enter our new financial year with confidence“.