Moonpig Reaffirms Full-Year Outlook, Cites Strong Core Brand Performance

Moonpig (LON:MOON) announced Wednesday that trading for the current fiscal year has been in line with its expectations, leading the company to reaffirm its outlook for fiscal year 2027. The online greeting card and gifting platform cited continued growth at its core brand and improving trends in its Experiences division.

Core Business Performance

The company reported that revenue growth at its flagship Moonpig brand is being driven by an increase in both order volumes and average order value. This performance is supported by an expanding active customer base, successful product upselling, and a modest rise in gift attach rates. Moonpig also noted it is broadening its delivery services to include more value-based and premium next-day options.

Its Dutch business, Greetz, also contributed positively, posting modest year-on-year growth on both a reported and constant-currency basis, according to the company statement.

Experiences Division in Transition

While the company's Experiences segment saw its online gross transaction value continue to grow, its reported revenue remained lower year-on-year. Moonpig attributed this decline to a managed exit from certain third-party retail partnerships and the strategic reinvestment of commission revenue.

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The company anticipates that revenue from the Experiences division will return to year-on-year growth during the second half of fiscal year 2027 as it focuses on strengthening its product range.

Financial Outlook Unchanged

Moonpig confirmed its medium-term financial framework remains unchanged. The company continues to target:

• Mid-to-high single-digit annual revenue growth
• An adjusted EBITDA margin between 25% and 27%
• Double-digit growth in adjusted earnings per share

CEO Catherine Faiers stated that the group has made good progress during the year and remains confident in its outlook. Moonpig also plans to continue returning excess capital to shareholders through its share buyback program.