Cake Box opened 17 stores in Q2 of the last financial year
Cake Box (LON:CBOX) is expecting to confirm a robust performance for the year ending 31 March 2021 in the face of lockdown restrictions over the past 12 months.
The cake seller said in an update released on Monday that it was currently holding franchisee deposits for 52 sites across the country.
Cake Box opened 17 stores in Q2 of the last financial year, including sites in Epsom, Gloucester, Newport, Ipswich and Hove. The group now has a total of 24 stores with 157 sites in total.
Cake Box is set to make a record revenue for the year, and is forecasting a rise of around 16% form the period before.
Co-founder and CEO Sukh Chamdal said: “Customer appetite for our products has continued to grow, with good traction across our expanded online and delivery services.”
“Our tested recipe of backing our franchisees has helped us deliver another year of growth, and it is thanks to the dedication of them and everyone in the Cake Box family that we have been able to emerge stronger from a year marked by the global pandemic.”
Cake Box will release its full-year results in June.
