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Card Factory full-year core earnings drop five percent

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(Reuters) – Greetings card retailer Card Factory Plc reported lower full-year core earnings on Tuesday as it struggled to cope with higher costs, lower traffic and weak demand for its personalised gifting service.

The Wakefield-based company said underlying earnings before interest, taxation, depreciation and amortisation (EBITDA) fell nearly 5 percent to 89.4 million pounds for the twelve months ended Jan. 31.

(Reporting by Tanishaa Nadkar and Pushkala Aripaka in Bengaluru; Editing by Shounak Dasgupta)

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