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Tough retail environment hits Card Factory's quarterly sales

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(Reuters) – Card Factory Plc <CARDC.L> reported a 0.4 percent fall in like for like sales, as it cautioned on a tough retail environment with fewer customers visiting their stores.

“We have had a solid start to the year with further sales growth despite an ongoing sector trend of subdued footfall, which impacted the like-for-like performance,” Chief Executive Karen Hubbard said.

The company left its full-year outlook unchanged and said it was on track to open about 50 stores in the full year.

(Reporting by Sangameswaran S in Bengaluru; editing by Kate Holton)

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