Card Factory (CARD)

Sector:

Retailers

Index:

FTSE 250

158.50p
   
  • Change Today:
      3.50p
  • 52 Week High: 209.00
  • 52 Week Low: 145.20
  • Currency: UK Pounds
  • Shares Issued: 341.55m
  • Volume: 1,639,796
  • Market Cap: £541.36m
  • Beta: 0.80

Card Factory profits fall as Brexit stockpiling, wages drive costs

By Duncan Ferris

Date: Tuesday 24 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Brexit stockpiling and higher wages led to a 14% fall in interim profits at Card Factory, the company said on Tuesday.


The greetings card retailer reported pre-tax profit of £24.3m for the six months to July 31 as cost of sales jumped 10% to £124.7m and operating expenses rose 6% to £42.4m. A special dividend of 5p per share was declared alongside the interim dividend of 2.9p, which remained unchanged.

Store wages were 12% higher at £39.9m as new stores were opened and pay increases awarded, while Brexit contingency planning saw the company holding increased stock levels and resulted in other direct expenses increasing by 12%.

This overshadowed a 6% rise in revenues to £195.6m despite the challenging high street environment after the opening of 26 new locations.

A reduction in costs is expected for the rest of the year as the FTSE 250 company said first half investment in supply chain operations and property management business efficiencies should deliver savings.

Chief executive Karen Hubbard said the period saw record sales for both Valentine's Day and Mother's Day and achieved against the backdrop of an "increasingly challenging UK high street environment and consequent weaker footfall".

"The successful seasonal trading, combined with more sophisticated use of data and improvements to our customer experience, gives us confidence for the key Christmas trading period ahead."

Card Factory shares were up 1.85% at 165.00p at 0805 BST.

(Writing by Frank Prenesti; Editing by Michele Maatouk and Josh White)

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Card Factory Market Data

Currency UK Pounds
Share Price 158.50p
Change Today 3.50p
% Change 2.26 %
52 Week High 209.00
52 Week Low 145.20
Volume 1,639,796
Shares Issued 341.55m
Market Cap £541.36m
Beta 0.80

Card Factory Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
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
62.26% above the sector average62.26% above the sector average62.26% above the sector average62.26% above the sector average62.26% above the sector average
Price Trend
60.38% below the market average60.38% below the market average60.38% below the market average60.38% below the market average60.38% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Income
94.06% above the market average94.06% above the market average94.06% above the market average94.06% above the market average94.06% above the market average
79.49% above the sector average79.49% above the sector average79.49% above the sector average79.49% above the sector average79.49% above the sector average
Growth
80.47% below the market average80.47% below the market average80.47% below the market average80.47% below the market average80.47% below the market average
16.36% below the sector average16.36% below the sector average16.36% below the sector average16.36% below the sector average16.36% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 1
Strong Sell 0
Total 5
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 14-Nov-2019

Time Volume / Share Price
17:10 26,534 @ 158.02p
17:09 16,145 @ 158.02p
17:08 3,000 @ 158.50p
16:40 386,109 @ 159.58p
16:36 17,679 @ 158.50p

Card Factory Key Personnel

CEO Karen Hubbard
CFO Kristian Lee
Chair Paul Moody

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