Patisserie Holdings (AIM:CAKE): delicious results but is all the good news baked into the price
Revenue for the period was up 14.4% to £50.0m, pre-tax profit up 20.6% to £8.4m, and diluted earnings per share up a whopping 21.1% to 6.61p.
It’s a delightful concept with 12 new stores being opened in the period all funded from operating cash flow and the store estate growing to 177. The location of the new openings is interesting and included one motorway service station, two brasseries, two shopping centres, one new store in…
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