Cake Box Holdings Plc announced a trading update for the full year ended 31 March 2020. For the period to 8 March 2020, trading continued to be strong across the Group, with like-for-like sales growth of 5.1% in franchise stores. Following updated UK Government advice on 23 March 2020, the company decided to close all of franchise stores as looked to protect the staff, franchisees and customers and also to help relieve any further pressure on the NHS. As a result of this impact towards the end of reporting period, total like-for-like franchise store sales growth for the full year to 31 March 2020 was 2.0% against 6.5% for the year 2019.

The group expects to report revenue for the year of £18.7 million, up 10% compared to the same period last year despite the disruption experienced in March 2020 from COVID-19.