London-listed egg-free baker Cake Box set out plans to double its number of shops to 400, despite profit falling amid a “unique set of macro-economic pressures” last year.
For the year to 31 March, sales rose slightly to £34.8 million, but amid high inflation - especially for food items - pre-tax profit fell by 28.6% to £5.4 million. Despite the decline, the business still upped its dividend to 5.5p per share.
