Card Factory sales soar but profits take a hit

Yorkshire greetings card retailer Card Factory has reported a rise in half-year sales as it continues to broaden its business beyond cards, although profits dipped as it invested in digital and international growth.

The Wakefield-based group increased revenue by 5.3% to £260.8m in the six months to the end of July, helped by its acquisition of Funky Pigeon and continued growth in wholesale.

Adjusted EBITDA edged up 2% to £45.1m, while adjusted pre-t... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...