Card Factory Regulatory News (CARD)

The information contained within this announcement is deemed to constitute inside information.

7 August 2023

Card Factory plc

("cardfactory" or "Company")

Trading Update

cardfactory, the UK's leading specialist retailer of greeting cards, gifts and celebration essentials, announces a trading update following the close of the first half to 31 July 2023.

The positive start to the financial period, highlighted at the preliminary results, has continued. Trading in the first six months was materially ahead of the Board's expectations. 

The macro backdrop continues to be uncertain, and there is still much to be delivered over the remainder of the year. Nevertheless, given the strength of the performance in the first half, together with our current outlook for the second half, the Board now expects the full year outturn to be materially ahead of its' previous expectations.

Enquiries

Card Factory plc  via Teneo (below)

Darcy Willson-Rymer, Chief Executive Officer

Matthias Seeger, Chief Financial Officer

Teneo +44 (0) 207 353 4200

James Macey White / Jo Blackshaw cardfactory@teneo.com

This announcement contains certain forward-looking statements with respect to the financial condition, results of operations, and businesses of Card Factory plc. These statements and forecasts involve risk, uncertainty and assumptions because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements. These forward-looking statements are made only as at the date of this announcement. Nothing in this announcement should be construed as a profit forecast. Except as required by law, Card Factory plc has no obligation to update the forward-looking statements or to correct any inaccuracies therein.

The person responsible for arranging the release of this announcement on behalf of the Company is Ciaran Stone, General Counsel & Company Secretary.