Card Factory (CARD) Trading Update summary

Trading performance

• UK store sales have underperformed due to ongoing consumer pressures and soft high street footfall.

• Adjusted profit before tax for the full year is now expected to be between £55m and £60m, reflecting current trading trends.

Strategic initiatives and outlook

• Continued progress on the 'Simplify and Scale' productivity and efficiency programme to offset high inflation.

• Businesses in the Republic of Ireland and North America are performing in line with expectations.

• Integration of Funky Pigeon is proceeding as planned.

• The share buyback programme will continue, and a progressive full-year dividend is anticipated.