Moonpig ‘permanently uplifted’ from pandemic sales

// Moonpig posts revenue of around £300m for the year to 30 April 2021
// It is expecting revenue for the year to be closer to its pandemic-era figure

Moonpig expects revenue for the year to be closer to its pandemic-era figure, after lockdowns led to increased sales for the business.

The online card retailer has forecast for sales of around £300 million for the year to 30 April, nearly double the £173 million it pulled in between 2019 and 2020.

Moonpig’s sales more than doubled to £368 million during the pandemic.

READ MORE: Moonpig sales drop as customer spend shifts to high street

This signals a “permanent uplift” in activity compared to before the pandemic, Moonpig said.

“Today’s update reflects continued strong trading performance post-lockdowns, including a very successful UK Mothers’ Day, and we remain confident in the outlook for the year ahead,” Moonpig CEO Nickyl Raithatha said.

“Moonpig Group has delivered a permanent step change in scale over the past two years, with a larger customer base displaying higher loyalty than pre-pandemic.

“The long-term opportunity remains vast, and we have never been in a better position to deliver against Moonpig Group’s strategy to become the ultimate gifting companion.”

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