UK's Card Factory rises on higher 11-month sales

Card Factory

14/01/2025 08:15

** Shares of greeting cards and gifts retailer Card Factory
 CARDC.L  up 8.4% at 98.3p
    ** Co reports total sales of 506.6 million pounds ($618.66
million) for eleven months ended Dec. 31, 2024, up 6.2% YoY
    ** Christmas trading performance was in line with
expectations in November and December with total revenue growth
of 4.7%, co says
    ** Sees mid-to-high single digit percentage increase in
adjusted pre-tax profit in FY26
    ** Co sees costs increasing by 14 mln pounds in FY26, citing
changes to National Living Wage and Employer National Insurance
Contributions
    ** CARDC fell about 6% in 2024


($1 = 0.8189 pounds)

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))