UK's Cake Box plunge on annual profit forecast misses market view
31/08/2022 08:44
** Shares of UK-based food processing retailer Cake Box Plc
CBOX.L plummet 39% to 109 pence, lowest since April 2020
** Co expects full-year profitability to be significantly
below current market forecasts urn:newsml:reuters.com:*:nTUCB5TQZG
** Co says weaker than anticipated sales at the franchise
level during July and August
** Posts first half to date franchisee Like for Like sales
decline of 2.8%
** As of last close, shares down nearly 69% this year
(Reporting by Anchal Rana in Bengaluru)
((Anchal.Rana@thomsonreuters.com;))