Little more than a fortnight after Moonpig (LON: MNPG) floated it has sparked a forecast upgrade with its trading statement. More customers are buying gifts as well as online cards.
Third quarter trading was strong and the growth rate in the period was inline with the first half figure. A deceleration of the growth rate had been anticipated. Valentine’s Day week trading was the best ever week for the company.
There have been additional costs due to higher marketing spending and staffing levels.
Revenues are expected to reach £350m in the year to April 2021, which is double the previo...
