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CARD Card Factory Plc

101.60
-1.20 (-1.17%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Card Factory Plc LSE:CARD London Ordinary Share GB00BLY2F708 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.20 -1.17% 101.60 863,634 16:35:00
Bid Price Offer Price High Price Low Price Open Price
101.60 102.20 104.00 101.80 103.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Greeting Cards 463.4M 44.2M 0.1289 7.93 350.36M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:10 O 15,000 101.60 GBX

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Date Time Title Posts
11/5/202408:55CARD FACTORY - InvestorJohn6,227
30/4/202418:29CARD FACTORY - SET FOR RECOVERY?399
15/4/202402:27CHEAPEST CREDIT CARDS RATES4
15/4/202402:26SMART to start investing in SMART CARD co.s783
19/11/202211:51CARDFACTORY - SET FOR RECOVERY?19

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Posted at 11/5/2024 09:20 by Card Factory Daily Update
Card Factory Plc is listed in the Greeting Cards sector of the London Stock Exchange with ticker CARD. The last closing price for Card Factory was 102.80p.
Card Factory currently has 342,817,357 shares in issue. The market capitalisation of Card Factory is £350,359,339.
Card Factory has a price to earnings ratio (PE ratio) of 7.93.
This morning CARD shares opened at 103.60p
Posted at 01/5/2024 07:17 by aishah
Card Factory boss Darcy Willson-Rymer is gunning for another year of growth as the business looks to expand its product ranges, partnerships, and store estate.

The greetings card retailer today unveiled a 25% jump in pre-tax profits to £65.6m over its last year, which the retail boss says came despite customers still feeling the pinch.

“We’re hearing two main things from customers: the first one is that the financial pinch is still here and they’re still having to make trade-offs on how they spend their money,” he says. “[They are] also telling us that they want to continue to celebrate, those special moments that stand still important to them.”

Willson-Ryman credits its expansion of product ranges for driving growth and plans to ramp that up further in the year ahead.

“We should continue to see new ranges in store,” he says. “We relaunched humour about a month ago and our general range relaunches this month as well as new stationery and new gifting opportunities.”;

“We’ve invested in some regionality – we’re seeing good growth in regional captions. We’re also seeing some expansion in other celebrations so things like Diwali, Eid, and ‘thank you teacher’ are all growing.”

Card Factory’s investment into products is partnered with it reconfiguring shop layouts to cater for the new ranges and “allocating more space to gifted celebration essentials”, which Willson-Rymer said is “gaining traction”.

The greetings card specialist will also continue its store expansion building on its 26 net openings last year as it targets 90 net stores by its 2027 financial year.

Card Factory’s partnerships pay off:
Partnerships are another key growth avenue for Card Factory, with its current agreements contributing £17m in sales.

This includes £10.7m from its acquisition of SA Greetings in South Africa and the rest from a franchise agreement with Liwa Trading Enterprises in the Middle East and its concessions inside Matalan.

Speaking on the Matalan tie-up, Willson-Ryman says: “The partnership’s going well. We’re in all 223 stores and we got all that in before Christmas so really pleased with that.

“We will continue to work with all of our partners to see on how we can continue to optimise our range and continue to get things right for the customer.”

He says that Card Factory is in conversations about further partnerships, but declined to comment whether they would be UK-based or overseas.

Courtesy of Retail Gazette
Posted at 24/4/2024 23:31 by bbonsall
htg
Card Factory cards are reasonably priced because they are verically integrated and produce their own cards. The quality is not cheapskate and is comparable to cards at twice the price elsewhere.
One should be proud to send cards with their name on the back because it proclaims an intelligent shopper who is discerning and not a sucker!
Posted at 24/4/2024 21:49 by haroldthegreat
I go past a card factory shop about 3 times a week. Today for he first time ever they have a sign outside saying buy 3 get one free on all cards . They often have offers 10 for a £ or 5 for a pound or 4 for a pound but these are usually on a single section of cards . I disagree with them putting Card Factory on the back of some of their cheaper offers as it shows the sender is a cheapskate buying cheap cards .

They obviously have a very high profit margin on their cards and can afford a 25% discount but this is a first !
Posted at 20/4/2024 09:56 by caveater
Is Card Factory plc (LON:CARD) Worth UK £1.0 Based On Its Intrinsic Value?
editorial-team@simplywallst.com (Simply Wall St)

Using 2 Stage Free Cash Flow to Equity, Card Factory fair value estimate is UK £0.76

Card Factory estimated to be 29% overvalued based on current share price of UK £0.98

The UK £1.47 analyst price target for CARD is 93% more than our estimate of fair value

Eeeeek, lets hope they have got it completely wrong !!
Posted at 19/4/2024 12:28 by darrin1471
I'm not convinced online is important to CF.
Online cards is a different business model to card retail.
Fixed warehousing, picking, packing and courier costs are the same for both high and low priced cards and gifts. Moonpig's average order value is £8.20.
CF strength is it gets 70% gross margins by manufacturing its own cards and wrap. That profit in pence would be a tiny part of a £8.20 avg sale.
CF would have no competitive advantage over Moonpig. Any additional margin made from manufacturing the cards and paper would be lost in lower online volumes compared to Moonpig.
Posted at 19/4/2024 10:34 by aishah
Yesterday's Share Magazine piece:
"CHEAP UK STOCKS - HOW TO TAKE ADVANTAGE OF A COMPELLING BUY OPPORTUNITY"

Card Factory (CARD)
Share price: 94.3p
Market cap: £325 million

A single digit PE (price-to-earnings) ratio, double-digit earnings yield - the inverse of the PE ─ and a plump free cash flow yield suggest Mr. Market underappreciates the earnings power, growth potential and cash generation of Card
Factory (CARD).

The value-focused greeting card-to-party supplies retailer’s revenue has returned to above pre-pandemic levels and the business has positive momentum under chief executive Darcy Willson Rymer’s new growth strategy. Wakefield headquartered Card Factory’s value-focused product offer continues to serve it well during a cost-of-living crisis and heap pressure on arch-rival Clintons, which is heading for a
restructuring with potentially a fifth of its stores to close.

As the consumer backdrop brightens, Shares expects the group’s expanded gift offer could feel the benefit ─ at present it only has a 1.7% share of a UK gifting market worth £13.4 billion.

While the UK greetings card market in which Card Factory has the leading value and volume share is considered low-to-no growth, the birthday cards-to-balloons purveyor is cannily developing partnerships to sell through other retailers, which
currently include Aldi and Matalan in the UK and The Reject Shop in Australia.
The acquisition of SA Greetings in South Africa and a franchise deal with Liwa in the Middle East mean there is an interesting overseas growth angle too.

Back in January, Card Factory delivered yet another upgrade to its earnings guidance following strong Christmas sales across stores and online; Liberum Capital cautions that ‘when (not if) Card Factory get its online business moving, one should maybe be concerned for the likes of Moonpig Group (MOON) and Funky Pigeon’.

Results for the year to January 2024 are slated for 30 April, with the consensus pointing to a 21.5% rise in pre-tax profits to £61.4 million following a
series of upgrades. With Card Factory’s balance sheet in a much healthier position, dividends ─ which were put on pause due to Covid ─ could even be restarted
during the year to January 2025. [JC]
Posted at 02/2/2024 18:00 by darrin1471
Having expressed concerns about retail sales in December, I thought CARD did well and shareholders were unlucky to see the share price fall.
No updates due before the end of April may see CARD drift lower but there is not much downside from here. Risk reward is on the upside
The 10% rise in NLW has been well flagged and CARD have shown they are able to navigate higher input costs without losing sales.

Retail in general will struggle with NLW, but those on low wages should have more spending power. More homeowners will move onto higher fixed rates and have less spending power. Lower priced imports may not be passed onto consumers as retailers offset NLW and boost margins.
Retail in general may experience swings in investor sentiment but CARD is better positioned than most.
Posted at 21/1/2024 16:24 by bbonsall
I wouldn’t be surprised if CF issues an RNS at the end of the month confirming repayment of final instalment of Covid loan.
Then it might mention dividends that some have criticised CF for not mentioning in the trading update.
Just remember CARD share price has been £4 in the past when its EPS was not much more than it is now. No more shares are in issue now than were in issue then either.
This deserves a serious re-rating IMHO.
Posted at 17/1/2024 08:14 by monte1
UK’s biggest greetings retailer sees double-digit sales growth with single festive cards up 37%

Positive momentum has seen Cardfactory deliver double digit like-for-like sales growth to £476.9million as store revenue climbed by 7.8% in November and December.

CEO Darcy Willson-Rymer applauded the UK’s largest greeting card retailer’s “strong performance over the Christmas period” in the trading statement coving the 11 months to 31 December, 2023, which was released yesterday, 16 January,

Improvements in stock management and replenishment processes enabled the company to capitalise on “particularly strong demand in the second half of December”, as l-f-l store sales in the last two months of the year were up 7.8%.

The retailer saw strong year-on-year growth in seasonal cards, driven by an increased number of transactions and average basket value – open card sales grew by 37%, which Cardfactory said was due to the range development, the continuing To The Pet trend saw a 49% rise, and Wife captions rose by 41%.

And an expanded gift offer and introduction of key licensed ranges is credited with a 45% increase in soft toy sales, and confectionery going up by 77%, marking a combined gifts and celebrations essentials growth of 9.9% l-f-l.

The company said the 10.2% uplift in total sales to £476.9m reflects “continued momentum across the business and execution of our strategy to become the leading, omnichannel retailer in the sector”, and the store revenue’s overall 8.2% l-f-l growth was said to be driven by the value and quality proposition and “the positive impact” of the store evolution programme.

There has also been a “continued positive performance” in everyday and seasonal card ranges, with growth hitting 5.4% in the 11-month period, while there has been a “profitable contribution” from the new partnerships with Matalan and Liwa Trading Enterprises, and the recently-acquired SA Greetings arm in South Africa contributed £9.1m revenue.


Given the strength of performance in the year to date, the Cardfactory board expects to deliver full-year adjusted profit before tax, excluding one-off items, at the top of the range of market expectations – between £58.4m and £62m – and said it “remains confident in the achievement of the long-term financial and operational targets” set out at its capital markets strategy update in May 2023.

Darcy added: “We are pleased to have delivered a strong performance over the Christmas period, further demonstrating the progress we are making on our strategic growth initiatives.

“Our value and quality proposition continues to resonate with customers at a time when value for money is as important as ever. Even during challenging times, consumers want to celebrate key life moments and this was reflected in the positive performance that we saw in the Christmas trading period and throughout the year to date.”

“Colleagues across all areas of our business have worked incredibly hard to deliver an improved experience for our customers this year. As we look ahead, we remain focused on delivering against our growth strategy by helping our customers to affordably celebrate all life’s moments.
Posted at 16/1/2024 23:05 by bbonsall
eeza
Thank you for posting that link.
Just illustrates how incompetent some of these city scribblers are. Focusing on online performance to throw a negative light on CARD is out of all proportion to the contribution online makes to total revenue. CARD is a successful retailer with shops contributing a huge chunk of revenues. Moonpig has almost exactly the same number of shares, its revenue is far below Card Factory’s, its EPS is a lot less, its PE is far higher and so is its share price.
Why the scribblers express concern over future growth when CF’s share price does not reflect the growth of the past two years is cynical.
The worry about future growth is not relevant until the share price is at least £2.50.
The share price of most companies reflects revenues, profitability, cash generation, dividend distribution. Apparently CF is different! Why is that?
Card Factory share price data is direct from the London Stock Exchange

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