Card Factory (CARD)

Sector:

Retailers

Index:

FTSE Small Cap

 41.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 194.90
  • 52 Week Low: 28.60
  • Currency: UK Pounds
  • Shares Issued: 341.55m
  • Volume: 0
  • Market Cap: £140.04m

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 41.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 194.90
52 Week Low 28.60
Volume 0
Shares Issued 341.55m
Market Cap £140.04m

Card Factory Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.30% above the market average99.30% above the market average99.30% above the market average99.30% above the market average99.30% above the market average
95.74% above the sector average95.74% above the sector average95.74% above the sector average95.74% above the sector average95.74% above the sector average
Price Trend
94.59% below the market average94.59% below the market average94.59% below the market average94.59% below the market average94.59% below the market average
84.31% below the sector average84.31% below the sector average84.31% below the sector average84.31% below the sector average84.31% below the sector average
Income
66.77% above the market average66.77% above the market average66.77% above the market average66.77% above the market average66.77% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Growth
75.93% below the market average75.93% below the market average75.93% below the market average75.93% below the market average75.93% below the market average
25.49% below the sector average25.49% below the sector average25.49% below the sector average25.49% below the sector average25.49% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 3
Sell 0
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 --2020

Time Volume / Share Price
0 @ 0.000p

Card Factory Key Personnel

CEO Karen Hubbard
CFO Kristian Lee
Chair Paul Moody

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