Moonpig raises full year revenue expectations after strong sales

The online greeting card platform Moonpig has its raised revenue expectations on the back of strong summer trading.
Moonpig believes data collected on customer behaviour will provide important insights.
// Moonpig has said trading in the year to date has been strong ahead of its AGM
// The retailer said frequency remains elevated following a limited change in consumer mobility through the summer

The online greeting card platform Moonpig has its raised revenue expectations on the back of strong summer trading, despite the lifting of Covid-19 restrictions.

In an update on its performance from April 30 to date, the retailer said it is now raising its full year guidance for group revenue to between £270 million and £285 million.

The company said frequency remains elevated following a limited change in consumer mobility through the summer, despite the lifting of Covid lockdown restrictions. 

It has recently invested in the long-term growth drivers of business, including promotional activity to drive app downloads and the development of its technology platform.

Moonpig said: “As people return to offices and conditions normalise, the data we collect on customer behaviour will provide important insights. At the current time, our view on underlying growth trends, and our medium-term growth and margin targets, remains unchanged.”

Click here to sign u to Retail Gazette’s free daily email newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here