Moonpig raises full year revenue outlook
Moonpig, the online greeting card and gifting platform, has upgraded its revenue forecast for the year to 30 April following continued strong trading.
In a trading update, the retailer said it now expects group annual revenue for the period to come in at around £300 million, which reflects the temporary impact of Covid-19 on customer behaviour in late December and January. The new figure is up from a previously guided range of between £270 million and £285 million.
Nickyl Raithatha, Moonpig chief executive, said: “Today’s update reflects continued strong trading performance post-lockdowns, including a very successful UK Mothers’ Day, and we remain confident in the outlook for the year ahead.
“Moonpig Group has delivered a permanent step change in scale over the past two years, with a larger customer base displaying higher loyalty than pre-pandemic.
“The long-term opportunity remains vast, and we have never been in a better position to deliver against Moonpig Group’s strategy to become the ultimate gifting companion.”
The Moonpig Group comprises the Moonpig brand in the UK and the Greetz brand in the Netherlands.
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