Shares are down at Card Factory plc today despite reporting revenue growth this morning.
The retailer said total group revenue for the 11 months ended 31st December 2025 of £541.6 million was up 7.3% year-on-year, supported by positive contributions from acquired businesses including Funky Pigeon.
Trading was in line with revised guidance it said, while it expects to deliver adjusted profit before tax for FY26 of between £55-60 million.
Total store sales increased by 1.1% for the period.
For the Christmas period, total store sales were down 0.8%.
Card Factory said its previously announced programme to purchase shares to satisfy future employee share schemes has successfully concluded for FY26, at a total cost of £5m.
“We are on track to deliver profits in line with our revised guidance announced on 12 December 2025,” said CEO Darcy Willson-Rymer.
“During the second half of the year and particularly the important Christmas period, trading in our UK stores reflected the challenging consumer backdrop which contributed to soft high street footfall.
“Across the group, we are encouraged by the performance of our international businesses and that the integration of Funky Pigeon remains on track.
“While the outlook for the UK high street remains uncertain, we continue to focus on our value-led proposition to help our customers celebrate all life’s moments.
“In addition, we continue to successfully drive efficiencies and manage costs through our ‘Simplify and Scale’ programme. The board remains confident in the Group’s prospects and continued momentum of our growth strategy.”
At the time of writing (11.30am), its share price is down 2.71% today and currently stands at 67.71 pence.
Its market cap is around £234m, having shed 24% of value in the last six months.
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