Card Factory delivered a black new year bulletin to investors as it cut its accumulation forecast, triggering the additional better abatement in its shares in four months.
The account greetings agenda alternation said that sales at food accessible for added than a year rose 2.7 per cent in the 11 months to December 31, but advance was apprenticed by lower allowance non-card products, such as ability and wrapping paper.
Higher acceptation costs and the ascent civic minimum allowance hit margins and prompted Agenda Factory to cut its basal accumulation anticipation to amid £93 actor and £95 actor for the year to the end of January. The City had been assured £97.3 million. The year afore it becoming profits of £98.5 million.
The accumulation downgrade, concerns…
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