Card Factory, the UK's leading specialist retailer of greeting cards, gifts, and celebration essentials, has provided a trading update for the first half of the year ending July 31, 2023. The company reported that trading in the first six months was significantly ahead of the Board's expectations, building on the positive start to the financial period. Despite the uncertain macro backdrop, Card Factory now expects the full year outturn to be materially ahead of its previous expectations.

The company's strong performance in the first half, coupled with its current outlook for the second half, has led to this revised expectation. However, Card Factory acknowledges the ongoing uncertainty and the need to deliver results in the remainder of the year.

Card Factory's CEO, Darcy Willson-Rymer, and CFO, Matthias Seeger, are available for enquiries. The company has engaged Teneo as its contact for further information.

This announcement contains forward-looking statements regarding Card Factory's financial condition, results of operations, and businesses. These statements involve risk, uncertainty, and assumptions as they are based on future events and circumstances. Factors that could cause actual results to differ from these statements are acknowledged. The company has no obligation to update the forward-looking statements or correct any inaccuracies, except as required by law.