Card Factory – executive interview

In our interview with Darcy Willson-Rymer, CEO of Card Factory, we discuss the recently released H125 results, the progress the company is making on its ‘Opening Our New Future’ strategy (see our initiation note for more details) and the outlook for the rest of the year. We begin by discussing the growth drivers in retail, including the contribution from the product categories and store expansion. We also outline the progress of cardfcatory.co.uk, which has delivered two consecutive six-month periods of revenue growth and the recent developments in the company’s Partnerships business. We then talk about the outlook for the year and the reasons why the phasing of expected profitability is more skewed to the second half of the year than prior years. We conclude by discussing the dividend that was declared with the interim results.

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