Card Manufacturing facility has swung again to a revenue for the previous half-year after the comfort of pandemic restrictions helped gross sales surge.
Shares within the excessive avenue retailer moved increased in early buying and selling on Tuesday.
The London-listed agency posted a pre-tax revenue of £14.3 million for the six months to July, rebounding from a £6.5 million loss over the identical interval a 12 months earlier.
It got here as revenues lifted by 69.4% to £198 million for the six month interval, in contrast with the earlier 12 months.
This was pushed by an 81.8% leap in retailer revenues following a “shift of buyer spend again in the direction of the excessive avenue”.
The retailer held agency on its outlook for the complete monetary 12 months following good gross sales momentum, regardless of highlighting cost-of-living pressures and the present inflationary backdrop.
Card Manufacturing facility mentioned it expects to have the ability to proceed to handle value inflation by way of “focused worth will increase” and measures to enhance effectivity.
Darcy Willson-Rymer, chief govt officer of the corporate, mentioned: “We're happy to report a powerful efficiency by way of the half which displays continued good momentum throughout the enterprise, in addition to the reversal of lockdown developments with prospects selecting to return to the excessive avenue.
“The pronounced shift in spend again in the direction of shops helps our continued conviction within the worth of our retailer property inside our buyer proposition and as an enabler in our omnichannel ambitions.
“While we stay aware of the difficult financial backdrop as we head in the direction of the Christmas season, we really feel properly positioned to navigate this and retain our give attention to transitioning Card Manufacturing facility to a market main omnichannel retailer of playing cards and presents.”
Shares within the firm improved by 1.4% to 46.05p in early buying and selling.