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Card Factory's growth is clear

The retailer of card and gift wrap has surprised analysts with its second-quarter performance
August 15, 2017

This second quarter was Card Factory’s (CARD) best in terms of like-for-like sales growth since the retailer listed three years ago. That led to a first-half growth rate of 3.1 per cent, well ahead of the 0.2 per cent growth in the previous comparable period.

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That’s not all. Adjust for the same number of trading days, and group sales grew by 6.7 per cent, ahead of the prior full-year growth rate of 4.3 per cent and again speeding up in the second quarter.