Card Factory ( (GB:CARD) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Card Factory’s stock price has been influenced by its recent financial performance, which includes a 6.2% revenue growth and a 5.7% increase in store revenue, thanks to new store openings and strong sales in gifts and celebration essentials. Despite a decline in online sales, partnership revenues grew by 23.5% due to acquisitions. The company’s focus on productivity and efficiency has helped it navigate a tough retail environment and inflationary pressures, maintaining profitability. However, the stock has experienced a 7.26% decline year-to-date. Analysts still hold a ‘Buy’ consensus on the stock.
More about Card Factory
YTD Price Performance: -7.26%
Average Trading Volume: 2,311,644
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £318.4M
For further insights into CARD stock on TipRanks’ Stock Analysis page.
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