RE: Card Factory - profits expected to turn back up next year28 Apr 2026 18:51
In the Half Year report issued on 30th September 2025 relating to that Funky Pigeon, we were told "the group expects the acquisition to be earnings enhancing in the financial year ending 31st January 2027".
Fast forward to today's Year End Preliminary Results we get "Anticipated year-on-year sales growth across all channels including benefit from the full year contribution of our Funky Pigeon acquisition." and "Became the second largest online UK card and attached gift retailer following acquisition of Funky Pigeon, creating foundations for future online growth, underpinned by delivery of £5m synergies from FY28."
What are the targets for Funky Pigeon as we absolutely need to hold the BOD to account this time next year.