Cake Box Holdings AIM:CBOX Stock Report

Cake Box Holdings plc Recommends Final Dividend for the Year Ended 31 March 2022, Payable on 27 September 2022

The board of Cake Box Holdings Plc recommend a final dividend for the year ended 31 March 2022 of 5.1 pence per share (fiscal year 2021: 3.7 pence), bringing the total dividend for the year to 7.6 pence per share (fiscal year 2021: 5.55 pence). If approved by the shareholders at the company's AGM on 20 September 2022, the final dividend of 5.1 pence per share will be paid on 27 September 2022 to shareholders on the register on 26 August 2022.

Full year 2022 earnings: EPS misses analyst expectations

Full year 2022 results: EPS: UK£0.16 (up from UK£0.084 in FY 2021). Revenue: UK£33.0m (up 50% from FY 2021). Net income: UK£6.31m (up 88% from FY 2021). Profit margin: 19% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 8.2%, compared to a 4.1% growth forecast for the retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.

Cake Box Holdings Plc to Report Fiscal Year 2022 Results on Jun 27, 2022

Cake Box Holdings Plc Provides Revenue Guidance for the Year Ended 31 March 2022

Cake Box Holdings Plc provided revenue guidance for the year ended 31 March 2022. Trading during the second half has continued to be strong across the Group's store estate and online delivery channels. Accordingly, the Group expects to report revenues for the year as up c.50% year-on-year, with adjusted profit before tax in line with market expectations. Revenues for the ten months to 31 March 2022, excluding the impact of the March 2020 lockdown and associated store closures from the comparative period, are expected to have increased c.32%, with total franchisee sales increasing 12% on a like-for-like basis.