Moonpig raises full year revenue guidance following strong trading
Moonpig, the online greeting card and gifting retailer, has said trading in the year to date has been strong ahead of its AGM today.
In an update on its performance from 30 April to date, the company said it is now raising its full year guidance for group revenue to between £270 million and £285 million.
The company said frequency remains elevated following a limited change in consumer mobility through the summer, despite the lifting of Covid-19 lockdown restrictions.
It has recently invested in the long-term growth drivers of business, including promotional activity to drive app downloads and the development of its technology platform.
Moonpig said: “As people return to offices and conditions normalise, the data we collect on customer behaviour will provide important insights. At the current time, our view on underlying growth trends, and our medium-term growth and margin targets, remains unchanged.”