Moonpig Group forecast profit growth for its full financial year, as it unveiled a new £65 million share buyback.
In a trading update for April 2025 to the end of April 2026, the cards specialist said it expected to deliver its FY26 guidance of mid-single digit percentage growth in group adjusted EBITDA.
The company said it anticipated growth in adjusted earnings per share to be at the top-end of its guidance of 8 per cent to 12 per cent growth, supported by “strong free cash flow generation and the accretive impact of buybacks”.
Additionally, Moonpig forecast high single digit percentage sales growth for its full year.
The group’s Dutch retail arm Greetz maintained low single digit percentage sales growth in constant currency and continued to “benefit from foreign exchange translation on a sterling basis”.
However, Moonpig forecast a mid-single digit percentage revenue decline for its Experiences gifting business.
The retailer said it was “on course” to complete £60 million of its FY26 share buybacks by its financial year-end.
Related Story
Moonpig also revealed its plans to commence a further share buyback of up to £65 million in FY27, which it said reflected its “continued strong free cash flow generation and confidence in the outlook for the group”.
Moonpig Group CEO Catherine Faiers said: “Having joined the group at the start of March, I have spent my first weeks meeting teams across the UK and the Netherlands and immersing myself in the business.
“I have been particularly struck by the strength of our brands, the commitment of our colleagues and the depth of capability across the organisation.
“Moonpig benefits from a compelling customer proposition and leading market positions in online greeting cards and gifting.
“Looking ahead, I see a clear opportunity to build on our proprietary data and strong customer relationships to become even more relevant to customers and inspire even greater creativity in how people celebrate and connect.”
She added: “With our strong brands, loyal customer base and highly cash generative model, I am confident the group is well positioned to deliver sustained growth over the years ahead.”
Moonpig Group is set to announce its full year results on 25 June.
Click here to sign up to Retail Gazette‘s free daily email newsletter
