Card Factory sales rise while weaker store demand restrains underlying profit
Card Factory ($CARD-LSE) reported first-half revenue of £260.8 million, up 5.3%, helped by Funky Pigeon and wholesale growth. Adjusted pretax profit eased 3.8% to £12.7 million as investment in digital and international operations offset improved store profitability. Statutory pretax profit rose to £12.3 million from £7.5 million. Store like-for-like sales declined 2%, reflecting pressure on footfall and consumer spending. Cash generation improved: adjusted free cash flow was positive £0.8 milli
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