Patisserie works to protect margins

Patisserie works to protect margins

Shares in Patisserie Holdings (CAKE) - owner of the Patisserie Valerie café chain – held steady on the release of these half-year numbers. Revenues grew steadily in the wake of 10 new store openings (three more are expected by the end of this month), while the impressive gross margin was stable at 77.8 per cent, as the group switched certain suppliers to offset inflationary pressures. The end result was a double-digit earnings boost. 

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