Card Factory lifts full-year outlook again

(Sharecast News) - Card Factory lifted its full-year outlook again on Monday, as it delayed the release of its results. In a brief update, the company - which had been due to publish full-year results on Tuesday - said it was delaying the results as its auditor, KPMG, has requested additional time to complete its standard audit procedures. The results will be now be published on 3 May.

It also said that in the year to 31 January, it generated revenues of £463.4m, with expected EBITDA of "at least" £112m and pre-tax profit of £52m.

The greeting card retailer had already upped its guidance in an update in January following better than expected trading. It said at the time that for the year to the end of January 2023, it expected EBITDA to be "at least" £106m versus consensus of £96.9m, which would equate to pre-tax profit of £48m.