Moonpig Group (MOON)

Sector:

Retailers

Index:

FTSE 250

 246.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 257.00
  • 52 Week Low: 149.30
  • Currency: UK Pounds
  • Shares Issued: 344.52m
  • Volume: 1,870,657
  • Market Cap: £847.51m
  • Beta: 0.88

Moonpig backs FY guidance, says trading in line

By Michele Maatouk

Date: Wednesday 18 Sep 2024

LONDON (ShareCast) - (Sharecast News) - Online greeting card and gift retailer Moonpig backed its full-year guidance on Wednesday as it said trading has been in line with expectations.
In an update ahead of its annual meeting, the company said growth has been underpinned by consistent strong sales and orders performance at Moonpig and is supported by steady progression at Greetz towards positive sales growth.

It said trading remains challenging in the Experiences segment, citing ongoing macro headwinds in gifting.

The Moonpig Plus membership subscriber base continues to grow, it said, with "encouraging" renewal rates following the launch anniversary. Website conversion rates and new customer acquisition have both improved, and the active customer base is now in consistent month-on-month growth.

The company still expects FY25 revenue growth at a mid-to-high single digit percentage rate, underpinned by growth in orders at the Moonpig brand.

Moonpig's medium-term targets remain unchanged. It continues to target double digit percentage annual revenue growth, an adjusted EBITDA margin rate of about 25% to 26% and growth in adjusted earnings per share at a mid-teens percentage rate.

Chief executive Nickyl Raithatha said: "Our ongoing investment in technology innovation and AI means that Moonpig Group is now consistently delivering year-on-year growth in revenue, profit and cash flow, driving sustained positive momentum in our trading performance.

"We are committed to innovation to attract and retain loyal customers and remain well positioned to benefit from the long-term structural market shift to online."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Moonpig Group Market Data

Currency UK Pounds
Share Price 246.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 257.00
52 Week Low 149.30
Volume 1,870,657
Shares Issued 344.52m
Market Cap £847.51m
Beta 0.88

Moonpig Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
90.24% below the sector average90.24% below the sector average90.24% below the sector average90.24% below the sector average90.24% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average

Moonpig Group Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:38 326,847 @ 245.75p
16:38 326,847 @ 245.75p
16:45 27,964 @ 244.85p
16:37 12,738 @ 246.00p
16:37 12,738 @ 246.00p

Moonpig Group Key Personnel

CEO Nickyl Raithatha
CFO Andy MacKinnon

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