Card Factory plc (CARD) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Interims Results Update for FY25. I'm Darcy Wilson-Reimer, CEO of Card Factory, and joining me today is Matthias Seeger, our CFO. Following an overview of highlights from the first six months, Matthias will provide the financial performance update for the first half of FY25. I'll then provide an update on the progress we have made on our opening our new future growth strategy and the outlook for the remainder of the year. Matthias and I then look forward to answering any questions that you may have at the end. The first half of this financial year has seen continued momentum across the key building blocks of growth. The progress we are making is allowing us to deliver on our strategic objectives as we develop Card Factory to a celebrations destination for customers in the UK and the Republic of Ireland, as well as internationally. The strength and ongoing development of our value and quality proposition across cards, gift and celebration essentials continues to resonate with our customers, especially at a time when financial pressure on households remains ever present. And as we look forward to the intensity of the Christmas trading period, I'd like to thank colleagues across the business for their unwavering commitment to delivery and the energy, pace, and enthusiasm that they show day in and day out. I'm pleased to report that we have continued positive momentum against the top line, which delivered a good performance in the first half of FY25 of plus 5.9% group revenue growth. Our stores continue to outperform in the market with like-for-like revenue growth of 3.7% driven by our focus on developing our store estates and our quality and value offer. This growth is ahead of the broader celebration occasions market and non-food retail ...