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(Reuters) – Card Factory Plc announced Wednesday that its sales had increased 6.4 percent in the first quarter, as customers reacted well to the seasonal ranges of British greeting card retailers, generating record growth in card sales for the first quarter. Valentine's Day and Mother's Day.
Constant like-for-like sales increased 2.3% in the quarter, and the company also said revenues from its online store had also increased.
Despite the growth recorded during the quarter, Card Factory has once again been cautious and announced that it was expecting a constant like-for-like sale for the full year. exercise.
"Given the uncertain macroeconomic outlook and the persistence of difficult consumer conditions, and taking into account key negotiating periods ahead, LFL sales for the year should be slightly positive, "said the company.
UK big-box stores are struggling to reduce their attendance, as the British have cut spending due to Brexit uncertainty, which has hurt retailers like Card Factory.
Card Factory said that it was still expecting the annual profit to be stable compared to the previous year.
(Report of Shariq Khan in Bengaluru, edited by Gopakumar Warrier)
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