Cardfactory celebrates strong year
Cardfactory has posted a strong uplift in full year sales and profit as it continues to implement its growth strategy.
In the 12 months to 31 January, revenue increased by 6.2% to £542.5 million following total store sales growth of 5.8% and a like-for-like store sales uplift of 3.4%. Like-for-like sales at cardfactory.co.uk were in line with the prior year as the retailer focused on refining online ranges to support online margin growth.
Meanwhile, adjusted pre-tax profit climbed by 6.3% to £66 million in line with guidance.
Darcy Willson-Rymer, chief executive of Cardfactory, said: “Our performance in FY25 demonstrates the strength and resilience of Cardfactory and our strategy as we continue to evolve the business into a leading global celebrations group.
“We are now halfway into our ‘Opening Our New Future’ growth strategy and I am pleased with what we have achieved across the business. With entry into new markets, including the US, and expansion of existing partnerships, we are reaching more customers, in more locations.”
During the year, Cardfactory opened 32 net new stores which took the total to 1,090 by the end of the period. It also worked to grow its share of the celebration occasions market with expanded gift ranges spanning new baby, toys, gift food, balloons and confectionery.
The retailer stated that its expectations for mid-to-high single-digit percentage increases in adjusted pre-tax profit remain unchanged for its current financial year.
Willson-Rymer added: “Despite an uncertain and inflationary backdrop, we remain confident in our ability to deliver mid-to-high single-digit percentage profit growth, underpinned by our strategic focus, our ongoing productivity and efficiency programme and our strong financial discipline.
“I want to thank our dedicated colleagues whose passion and focus on helping our customers celebrate life’s moments, continues to drive our success.”
