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CARD - Card Factory News Story

35.5p 1.0  2.9%

Last Trade - 23/10/20

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £121.3m
Enterprise Value £410.0m
Revenue £356.4m
Position in Universe 897th / 1805

Card Factory sales ahead of expectations since reopening

Tue 28th July, 2020 9:16am
July 28 (Reuters) - Card Factory  CARDC.L  said on Tuesday
sales at its stores since they reopened exceeded the company's
expectations, helped by a jump in average spend, sending the
British card retailer's shares up 4%.
    The company said like-for-like in-store sales since
reopening were down 21.6%, compared to an expected 50% reduction
in the first month of reopening.
    The company is targeting a revenue of around 635 million
pounds ($815.40 million) for 2025 and nearly 5,600 distribution
units, of which about 1,100 will be group operated stores.
       
($1 = 0.7788 pounds)

 (Reporting by Tanishaa Nadkar in Bengaluru;
Editing by Vinay Dwivedi)
 ((tanishaa.nadkar@thomsonreuters.com; +919730172534; Twitter -
@TanishaaNadkar;))
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