Card Factory increases full-year outlook following strong Christmas trading
Source: Mintel 14-01-2022

UK 14-01-2022

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Greetings cards retailer Card Factory sales for the 11 months to 31 December hit £337.3 million, below the £424.5 million achieved in the eleven months to 31 December 2019, but it was hit with trading restrictions due to the COVID-19 crisis.

Sales were boosted by a strong Christmas period and online sales, which helped offset a decline in store like-for-like sales due to COVID-19 shop closures. The greetings cards specialist expects its full year sales to reach £360 million and pre-tax profit is expected to be in the region of £7 million to £10 million.