Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Card Factory FY pre-tax profits seen at top end of consensus

Published 16/01/2024, 09:00
Updated 16/01/2024, 09:11
Card Factory FY pre-tax profits seen at top end of consensus

Sharecast - Card Factory said total sales for the eleven months ended 31 December were £476.9m, up 10.2% year-on-year, store revenue grew 8.2% on a like-for-like basis, while online LFL sales, on the other hand, were down 12.8% year-on-year.

The London-listed group said it had delivered a "continued positive performance" in its everyday and seasonal card ranges, with 5.4% LFL growth in the period, supplemented by strong growth in its gifts and celebration essentials ranges of 9.9% LFL.

Card Factory (LON:CARDC) said it had also experienced "strong Christmas trading", with LFL store revenue up 7.8% in November and December - driven by an increased number of transactions and higher average basket values.

Looking ahead, Card Factory stated that given the strength of its performance in the year to date, it now expects to deliver full-year adjusted pre-tax profits "at the top of the range of market expectations" and said it "remains confident" in the achievement of its long-term financial and operational targets.

As of 0900 GMT, Card Factory shares were down 7.70% at 99.50p.

Reporting by Iain Gilbert at Sharecast.com

Read more on Sharecast.com

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.