Card Factory plc (LSE:CARD) said recent trading has been impacted by continued pressure on UK consumers, resulting in store sales coming in below expectations during a key trading period. The company said the softer performance reflects ongoing cost-of-living challenges affecting discretionary spending.
Despite the near-term headwinds, management said it remains focused on delivering its ‘Simplify and Scale’ strategy, which is aimed at improving operational efficiency and productivity in a high-inflation environment. The board reiterated its confidence in the group’s longer-term outlook and confirmed plans to continue its share buyback programme alongside the payment of a progressive full-year dividend.
More about Card Factory plc
Card Factory plc is the UK’s leading specialist retailer of greeting cards, gifts, and celebration products. The group serves customers primarily in the UK, with additional operations in the Republic of Ireland and North America.
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