Card Factory reports ‘robust’ performance
Register to get 1 more free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Card and gifts retailer Card Factory has revealed a 3% increase in total group sales in its first-quarter trading update.
Like-for-like sales decreased by 0.4%, but total and like-for-like sales over the quarter showed a robust performance.
Karen Hubbard, Card Factory’s CEO, said: “We have had a solid start to the year with further sales growth despite an ongoing sector trend of subdued footfall, which impacted the like-for-like performance.
She added: “Overall, Card Factory remains in a strong position as we look forward to the lessening impact of cost headwinds and the benefits of a significant number of business efficiencies being implemented during the year.
“This will put in place a platform for further growth in the medium term. The board’s expectations for the full financial year remain unchanged and I look forward to providing further updates as the year progresses.”
