Card Factory - Confident on FY25 outlook
Card Factory’s H125 revenue growth demonstrated it is delivering well against its multi-year growth strategy. While profitability was negatively affected by the (mostly) known inflation in operating costs, management is confident Card Factory will achieve its full-year estimates. This is due the momentum in the business and the mismatch in H125 between cost inflation and the efficiency and cost savings that have always been expected to come through in H225.Card Factory is a retailer of greeting cards, dressings and gifts. Co. has three principal areas: Single cards, which comprise of individual cards for everyday occasions and seasonal occasions; Non-card items, which refers to a variety of adjacent product categories that customers purchase on the same occasions as greeting cards, including gift dressings, small gifts, party products, and other non-card products; and Christmas boxed cards, which are boxes of multiple cards purchased at Christmas, and are often associated with a charity. As of Jan 31 2017, Co. principally operated through its nationwide chain of over 850 Card Factory stores, as well as through its online offerings.
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