Online greeting card retailer Moonpig lifted its full-year revenue guidance on Tuesday as it hailed strong trading in the year to date.
In an update on trading from 30 April to date, the company said frequency remains elevated following a limited change in consumer mobility through the summer, despite the lifting of lockdown restrictions.
As a result, it increased its guidance for FY22 revenue to between around £270m and £285m from a previous forecast of £250m to £260m.
“We have invested at a higher rate in the long-term growth drivers of our business, including promotional activity to drive strategic levers such as app downloads and customer reminder setting, and through the development of our technology platform,” the company said.
“As people return to offices and conditions normalise, the data we collect on customer behaviour will provide important insights.”
Moonpig said its view on underlying growth trends and its medium-term growth and margin targets remains unchanged.
