Retailer’s Stores Drive 6.2% Year-to-Date Sales Growth

  • Card Factory increases FY23 guidance to £96m EBITDA from previous £88.8m
  • Year-to-date like-for-like sales up 6.2% compared to the previous year
  • Online business and commercial partnerships performing in line with expectations
  • Internationally sourced seasonal stocks landed in UK, majority delivered to stores

Card Factory has increased its full-year EBITDA guidance to £96m from the previous £88.8m due to stronger than expected trading in the second half of the year. The retailer’s stores have seen a 6.2% increase in year-to-date like-for-like sales compared to the previous year, excluding periods of store closure. Its online business and commercial partnerships are performing as anticipated. Additionally, internationally sourced seasonal stocks have been landed in the UK with a significant proportion already delivered to stores.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about Card Factory’s financial performance and its expectations for the year. It includes relevant details about the company’s EBITDA, like-for-like sales, and the impact of international sourcing on their business.
Noise Level: 3
Noise Justification: The article provides relevant information about Card Factory’s financial performance and its expectations for the year, focusing on specific metrics such as EBITDA and like-for-like sales. It also mentions the company’s positive outlook on the upcoming Christmas season. While it doesn’t delve into broader economic trends or provide in-depth analysis, it is a concise and informative report on the company’s performance.
Financial Relevance: Yes
Financial Markets Impacted: Card Factory’s stock price and retail sector
Financial Rating Justification: The article discusses Card Factory’s improved financial guidance for the fiscal year, which can impact its stock price and affect the retail sector.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.retailsector.co.uk