Revenues up at Card Factory

CARD FACTORY has seen increased revenues and profits despite store sales taking a hit from slowing footfall on Britain’s high streets.

The gifts and greetings cards retailer said like-for-like sales rose 0.2 per cent in the six months to the end of July, with softer footfall delivering “lower than normal” sales growth in stores. Revenues lifted 4.8 per cent to £169.2million over the period, while pre-tax profits rose 7.3 per cent to £27.6million.

Chief executive Karen Hubbard said the firm was “highly cash-generative” and was on course to hit its full-year targets for underlying pre-tax profits.