Adrian Lawrence Podcast
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Adrian Lawrence Podcast
Moonpig reports busiest ever week of trading.
Moonpig group plc the recently listed greetings card online retailer reported its strongest ever week over the valentines day period. The company now expects its revenues for the year to 30th April to be around double the £173m it reported in the previous year. The shares rose 2.5% to £4.45 in early trading on Thursday.
The increase in demand saw the "strongest ever trading week in the Group's history" the company said in a brief statement.
It shows that the pandemic has had a positive impact on the groups trading as most high street competitors are closed due to the UK's lockdown. What happens once the country re-opens and life returns more to normal remains to be seen. This is still a very positive result for the company.
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