UK's Card Factory jumps on upbeat start to year, buying funkypigeon.com

Card Factory

29/07/2025 08:46

** Greeting cards and gifts retailer Card Factory CARDC.L jumps as much as 9.2% to 97p; set for biggest intraday pct gain since December 2024

** Reports mid-single digits y/y growth in sales for five months ended June 30

** Reiterates expectations of mid-to-high single-digit pct growth in FY26 sales, adjusted PBT

** Co to buy funkypigeon.com for 24 mln pounds (~$32 mln)

** Expects acquisition to enhance earnings in FY ending January 31, 2027

** YTD, CARDC down 2.8%

($1 = 0.7502 pounds)

 (Reporting by Subiksha S in Bengaluru)

 ((Subiksha.S@thomsonreuters.com))