West Cornwall pasty Company saw like-for-like sales in the year to 25 March 2016 grow 7.6%.
The group said the sales growth was driven by a 3% rise in customer numbers and an increase of 4.8% in average transaction values. The company said it was pleased with sales in new categories, particularly the hot drinks range under the St Just brand.
Turnover for the year was up from £12.5m to £13m, generating EBITDA before exceptional costs and impairment of tangible fixed assets of just over £1m (2015: £550,000).
The group said its store refurbishment programme had made good progress during the year, with eight units completed, all of which have shown substantial like-for-like growth.
The company said its franchise business grew 70% last year.
Last week, chairman Chris Peck told MCA the company was forging ahead with a remodelling of its high street estate and expanding its presence at travel hubs.
He said the group’s shops in tourist locations were gradually being refurbished and converted from purely grab-and go formats to “casual dining as an adjunct to food-to-go”.
Plans to grow the number of units at railway stations also continue to gather pace with openings scheduled at Peterborough, Norwich and Southampton stations over the next three months, Peck continued.