Card Factory has revealed that trading in the second half of its financial year to date has been ahead of forecasts, with its everyday range putting in a particularly good performance.
In a brief trading statement, the greeting cards and gifts retailer said trading had been boosted by its stores, which have seen year-to-date like-for-like sales rise by 6.2%. It also stated that its online business and commercial partnerships were performing in line with expectations.
Card Factory noted that it had been encouraged by the start of the key festive season, with sales marginally ahead of expectations.
As a result of trading to date, Card Factory is now forecasting that EBITDA for the year to 31 January 2023 will be at least £96m versus the current consensus of £88.8m.
