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Moonpig has continued to trade in-line with expectations for the second half of the year and expects its annual earnings growth forecast to reach the upper limit of its previous FY26 guidance.
The group also expects adjusted earnings per share to grow by up to 12% for the financial year, supported by a £60m share buyback programme, as it looks to also launch a £65m share buyback scheme.
In its latest trading update, the company said it also expects to deliver high single digit percentage revenue growth for the full year.
It comes as Greetz maintained low single-digit growth, while the experiences division performed slightly ahead of expectations despite an anticipated mid-single digit revenue decrease.
The group added it is set to complete £60m of FY26 share buybacks by the financial year-end. Following the completion of its current buyback, the board intends to launch a further share purchase programme of up to £65m in the 2027 financial year.
CEO Catherine Faiers said: “Having joined the group at the start of March, I have spent my first weeks meeting teams across the UK and the Netherlands and immersing myself in the business. I have been particularly struck by the strength of our brands, the commitment of our colleagues and the depth of capability across the organisation.
“Moonpig benefits from a compelling customer proposition and leading market positions in online greeting cards and gifting. Looking ahead, I see a clear opportunity to build on our proprietary data and strong customer relationships to become even more relevant to customers and inspire even greater creativity in how people celebrate and connect.”
She added: “With our strong brands, loyal customer base and highly cash generative model, I am confident the group is well positioned to deliver sustained growth over the years ahead.”
