Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Card Factory full-year core earnings drop five percent

Euronews logo
Text size Aa Aa

(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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.