Card Factory reports “another record year”

As well as successfully completing the public offering of the company in May 2014, Card Factory has had another record year in terms of the growth of overall revenues and profits.

For the year ending January 31st 2015, the Wakefield-based company, which specializes in greeting cards, dressing and gifts, has seen an 8.1% rise in revenue to £353.3m, compared with last year’s total of £326.9.

According to the Official Statement, the Company’s pre-tax profit has also dramatically increased over the past year, with 2015’s total coming in at £42.7m, whereas the end figure for 2014 was £30.1m.

Additionally, Card Factory has earned a gross profit of £113.1m, which is just under a £13m rise since the previous year’s total of £101.7m.

Due to the company’s ongoing success, in the reviewed year a further 51 stores were open, brining the total number of stores 764 nationwide. The Board are hoping to eventually bring the total estate to 1,200 stores.

Richard Hayes, chief executive officer, said: “It is pleasing to report another record year for Card Factory in terms of both revenue and profit. Our team has once again delivered on each element of our growth strategy, cementing our position as the UK’s leading specialist greeting cards retailer. Our unique, vertically integrated model remains a real point of difference and a source of long-term competitive advantage in what is a very resilient market.

“I would like to thank all of our employees across the Group. As we continue to expand and grow their ongoing commitment and support is greatly appreciated.

“Overall, we are in an excellent position and we remain confident of our future prospects. We will continue to strongly defend our market leading position, whilst maintaining our focus on delivering best-in-class margins.”