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An announcement from Card Factory ( (GB:CARD) ) is now available.
Card Factory reported a robust revenue growth of 6.2% year-on-year for the eleven months ending December 2024, with expectations for full-year adjusted profit before tax remaining unchanged. The company saw a 5.7% rise in total store revenue, driven by the addition of 32 net new stores and strong performance in gifts and celebration essentials categories. Despite a decline in online sales, revenue from partnerships grew significantly by 23.5%, aided by recent acquisitions. The company’s productivity and efficiency programs have helped navigate a challenging retail environment and maintain profitability, while also managing inflationary pressures effectively.
More about Card Factory
Card Factory is the UK’s leading specialist retailer of greeting cards, gifts, and celebration essentials. It focuses on providing value and quality products across its extensive store estate, with a significant market presence bolstered by new store openings and strategic partnerships.
YTD Price Performance: -7.26%
Average Trading Volume: 2,311,644
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £318.4M
For an in-depth examination of CARD stock, go to TipRanks’ Stock Analysis page.
