UK's Cake Box gains on positive start to fiscal 2024
22/08/2023 09:08
** Shares of Cake Box Holdings Plc CBOX.L jump as much as
6.7% to 160p
** Fresh cream cakes retailer says positive trading momentum
from H2 of previous year has continued, with franchisee store
like-for-like sales increasing 6.8% for the first 17 weeks of FY
ending March 31, 2024
** Co says it is on track to deliver year-on-year revenue
growth, in line with market expectations
** Stock set to post best day since July 21, if trend holds
** Shares currently at session high, taking YTD gains to
about 38%
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))