Card Factory (CARD)

Sector:

Retailers

Index:

FTSE Small Cap

92.10p
   
  • Change Today:
      0.100p
  • 52 Week High: 113.40
  • 52 Week Low: 85.40
  • Currency: UK Pounds
  • Shares Issued: 345.59m
  • Volume: 198,833
  • Market Cap: £318.29m

Card Factory swings to FY profit as revenues recover

By Michele Maatouk

Date: Tuesday 03 May 2022

LONDON (ShareCast) - (Sharecast News) - Card Factory said on Tuesday that it swung to a full-year profit, with revenues boosted by a recovery in store trading following the easing of Covid restrictions, as it struck an upbeat note on the outlook.
In the year to 31 January 2022, the retailer swung to a pre-tax profit of £11.1m from a loss of £16.4m the year before, with revenues up 28% at £364.4m. This was driven by a steady recovery in store performance following the easing of lockdown restrictions, alongside an online performance "significantly ahead" of pre-pandemic levels, it said.

Store sales rose 33% year-on-year, reflecting a 20% increase in trading days and a recovery in market share, with LFL sales for the Christmas season recovering to near pre-pandemic levels. Meanwhile, online LFL revenue dipped 1.5% as customers returned to physical stores.

Chief executive Darcy Willson-Rymer said: "We are pleased to report a robust performance for the year, ahead of our original expectations, alongside good progress on our strategic transition, despite the operational challenges the last year brought.

"We saw a steady recovery in store performance as lockdown restrictions eased, particularly in the run up to Christmas with store sales approaching pre-pandemic levels in this key trading period. As we reopened our stores, we saw our online performance decline slightly year on year; however, we remain greatly encouraged that our Card Factory online sales were significantly ahead of pre-pandemic levels. This year will see us make further progress in developing our customer proposition, through a broader product range and improved online experience, as part of our transition to a leading omnichannel retailer."

The retailer said trading in the new financial year has been in line with its expectations and is contributing to a continued recovery of market share position. It expects the business to deliver revenue recovering towards pre-pandemic levels in FY23.

At 0812 BST, the shares were up 8.2% at 63.27p.

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Card Factory Market Data

Currency UK Pounds
Share Price 92.10p
Change Today 0.100p
% Change 0.11 %
52 Week High 113.40
52 Week Low 85.40
Volume 198,833
Shares Issued 345.59m
Market Cap £318.29m

Card Factory Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.46% below the market average1.46% below the market average1.46% below the market average1.46% below the market average1.46% below the market average
21.05% above the sector average21.05% above the sector average21.05% above the sector average21.05% above the sector average21.05% above the sector average
Price Trend
46.63% above the market average46.63% above the market average46.63% above the market average46.63% above the market average46.63% above the market average
56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average
Income Not Available
Growth
89.93% above the market average89.93% above the market average89.93% above the market average89.93% above the market average89.93% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Card Factory Dividends

  Latest Previous
  Special Interim
Ex-Div 07-Nov-19 07-Nov-19
Paid 19-Dec-19 19-Dec-19
Amount 5.00p 2.90p

Trades for 28-Mar-2024

Time Volume / Share Price
10:01 2,000 @ 91.33p
09:54 403 @ 90.70p
09:54 1,644 @ 92.10p
09:53 30,658 @ 91.33p
09:49 21 @ 92.10p

Card Factory Key Personnel

CEO Darcy Willson Rymer
CFO Matthias Seeger

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