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Cake Box – “full year trading update”, why’s “like-for-like sales growth” detail now omitted?

By Steve Moore | Wednesday 19 April 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Cream cakes specialist retail franchise company Cake Box (CBOX) states that it “is pleased to announce a full year trading update for the 12 months ended 31 March 2023” and the shares have currently responded approaching 6% higher to 125p on the back of the update. However, what’s the detail of the announcement, with the shares still down from 200p just last summer?
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