UK's Moonpig drops due to challenges in unit

Moonpig

10/12/2024 08:40

** Shares of British greeting card retailer Moonpig
 MOONM.L  slide 10.5% at 239.5 pence
    ** Stock among top losers on FTSE mid cap index  .FTMC 
which is down 0.4%
    ** Co says trading remains challenging at Experiences
division, hurt by ongoing macro headwinds in gifting
    ** Expects longer timeline for Experiences revenue growth,
reflected in 56.7 mln pound ($72.21 mln) non-cash goodwill
impairment recorded on Oct. 31
    ** Maintains FY 25 revenue and medium-term revenue growth
forecast
    ** As of last close, stock up 70.8% YTD 



($1 = 0.7852 pounds)

 (Reporting by DhanushVignesh Babu in Bengaluru)
 ((DhanushVignesh.Babu@thomsonreuters.com;))