Moonpig on track to deliver FY26 guidance, shares spark

(Sharecast News) - Moonpig said on Wednesday that it was on track to deliver its FY26 guidance as group trading momentum has continued through the start of the year, in line with expectations. In a trading statement ahead of its annual general meeting, the online greeting cards and gift retailer said it continues to deliver consistent revenue growth at about 10% year-on-year.

Greetz trading has improved sequentially, it said, with revenue now showing modest year-on-year growth on both a reported and constant currency basis.

The company, which operates in the UK and the Netherlands, said growth in orders is underpinned by the continued expansion of its active customer base.

"Customers are increasingly embracing our innovative personalisation features to express themselves, with adoption continuing to rise - around 50% of all cards now including options such as AI-generated stickers, audio or video messages, or personalised handwriting," it said.

Moonpig and Greetz Plus subscriptions have now exceeded one million members, with numbers continuing to grow each month, it said.

For FY26, the company continues to expect group adjusted earnings before interest, tax, depreciation and amortisation to grow at a mid-single digit percentage rate and growth in adjusted earnings per share at between 8% and 12%.

Moonpig said strong free cash flow generation is expected to fund both ongoing investment in its growth strategy and returns to shareholders. Medium-term targets were unchanged.

Chief executive Nickyl Raithatha said: "We have had a good start to the year, demonstrating the continuing power of the Moonpig proposition. With strong growth in the Moonpig brand and a return to year on year growth for Greetz, we are on track to deliver our FY26 guidance.

"We continue to use technology, AI and data to enable our customers to connect with their loved ones in new and creative ways. AI generated Stickers have quickly become our most widely adopted innovation, with customers now creating two million personalised images every month, demonstrating the resonance of our proposition and the scalability of our technology platform."

At 0825 BST, the shares were up 7% at 212p