In the year-end final results released this week, Card Factory CEO Karen Hubbard reports that the specialist retailer of greeting cards, dressings and gifts has had a successful year in a challenging retail market.
Hubbard reported a 4.3% increase in sales over the previous year, with a pre-tax profit of £82.8M.
The company’s four pillar of growth strategy is
- Like-for-like sales growth in existing stores
Improvements in quality & range of card and non-card products and an increase in market share.
- Continuing new store roll out
An additional 51 stores were opened within the financial year bring the total to 865, well on the way to the target of 1200.
- Delivering business efficiencies
Earnings before interest, tax, depreciation and amortization (EBITDA) of 24.7%, 3% up on the previous year.
- Development of complementary online sales channels
gettingpersonal.co.uk remains a relatively small and profitable part of the group but financial performance disappointing. Plans in place to return to profitable growth following recruitment of a new senior team
Solid sales growth from cardfactory.co.uk despite strong prior year comparatives
Card Factory are delighted to announce shareholder dividends of 9.1 pence in addition to the special dividend of 15 pence issued in November 2016 indicating confidence in the progression of the Wakefield based company.
Chairman Geoff Cooper said “Card Factory has had another good year, once again delivering a record performance in terms of both revenue and underlying profit generation”
XCM are proud to be associated with Card Factory and Getting Personal, guiding and developing their further expansion through 2017.