THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail Marketplace Strategy 2023
Omni Channel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Customer Engagement Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Card Factory second half trading better than expected

Greeting cards retailer Card Factory has said trading g in the second half of its financial year to date has been better than expected, with its… View Article

GENERAL MERCHANDISE

Card Factory second half trading better than expected

Greeting cards retailer Card Factory has said trading g in the second half of its financial year to date has been better than expected, with its everyday range putting in a particularly strong performance.

In a statement, the company said trading has been boosted by its stores, which have seen year to date like-for-like sales rise by 6.2% on the previous year. It also revealed that its online business and commercial partnerships are performing in line with expectations.

Card Factory sales have been marginally ahead of expectations at the start of the important Christmas trading period. The company said all internationally sourced seasonal stocks have been landed in the UK, with a significant proportion already delivered to store.

As a result of trading to date, Card Factory is now forecasting that EBITDA for the year to 31 January 2023 will be at least £96 million versus the current consensus of £88.8 million.  At this level, the EBITDA would approximate to pre-tax profit of £37.5 million.

The company will provide a post-Christmas trading update on 17 January 2023.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News