Card Factory saw profits drop in its latest interim results, as it hailed a “resilient” first half.
The card retailer saw pre-tax profit fall 46.4% to £7.5m for the six months ended 31 July, compared to £14m in HY25.
EBITDA fell 13.7% to £39.1m over the period, from £45.3m. Adjusted EBITDA was down 2.4% to £44.2m, compared to £45.3m.
However, sales at the business rose 5.9% over the half, hitting £247.6m from £233.8m in HY25.
Total store revenues were up 2.9%, including the contribution of over 30 net new shops.
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Card Factory CEO Darcy Willson-Rymer said: “Our resilient first half performance against a challenging retail backdrop demonstrates the effective execution of our growth strategy and our ability to navigate inflationary pressures.
“Our core stores business performed positively during the period, supported by new store openings, while our ongoing range development resonated strongly with customers, driving successful spring seasons.
“At the same time, we continued to advance our growth priorities, expanding partnerships and accelerating our digital strategy through the acquisition of Funky Pigeon.”
He added: “With the peak festive season ahead, we are well prepared for our most important trading period.
“Building on the success of our H1 seasonal performance, we have strong plans in place for H2 to deliver on our quality and value proposition including new Christmas ranges and a significantly expanded Halloween range.
“These plans, combined with our ongoing productivity and efficiency programme, mean our expectations for the full year remain unchanged.”
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