Share Price.com
Market Update Economic Events Directors Deals Commodities Prices News Market Movers

Card Factory sales rise

Tuesday, 15th November 2016
Card Factory reports total sales growth of 4.4% in the nine months to the end of October compared with growth of 7.9% in the corresponding period last year.

Key highlights:

- Continued store roll out with 46 net new stores opened (9 months ended 31 October 2015: 45)

- Confident of delivering another year of approximately 50 net new openings

- Good pipeline of new store opportunities building for next financial year

- Recent management changes at gettingpersonal.co.uk to drive sales and profit growth

- Board's expectations for full year profit before tax outturn unchanged

Chief executive Karen Hubbard said: "The general retail environment has remained challenging with adverse footfall trends impacting customer traffic into our stores. We remain wary of the uncertain outlook for consumer confidence, although we are pleased to note that, since the start of October, weekly sales patterns for everyday ranges in our stores have started to improve.

"We enter the important final quarter with an excellent Christmas offering, both in our card ranges and an expanded choice of seasonal gifts. Whilst it is always difficult to forecast short term footfall trends, we remain confident that the quality and value of our extensive range will continue to appeal to consumers."






Story provided by StockMarketWire.com

Related Shares: Card Factory

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News



SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.