Moonpig is poised to meet its 2025 guidance amidst challenges.
- The company reports strong sales despite macroeconomic headwinds.
- Moonpig’s website conversion rates and customer acquisition efforts show positive trends.
- A strategic partnership with The Entertainer expands product offerings.
- Moonpig’s commitment to technological innovation supports continuous growth.
Moonpig has affirmed its position as it proceeds to achieve its 2025 targets despite encountering a difficult economic landscape and a consumer shift away from large gifting. The online retailer’s trading performance aligns with expectations, bolstered by robust sales and order volumes at Moonpig and gradual positive sales growth at Greetz.
In light of consistent macroeconomic challenges impacting the gifting sector and its Experiences category, Moonpig has reported an improvement in both website conversion rates and new customer acquisition. The Moonpig Plus membership continues to witness an expanding subscriber base, reflecting customer loyalty and satisfaction.
The company anticipates a sales growth rate within the mid-to-high single-digit range, alongside an adjusted EBITDA margin between 25% to 26%. Moonpig’s chief executive, Nickyl Raithatha, attributes this growth trajectory to the firm’s ongoing investment in technological innovation and artificial intelligence, which fuels year-on-year increases in revenue, profit, and cash flow.
The recent collaboration with toy retailer The Entertainer introduces up to 200 new products from The Entertainer and Early Learning Centre, featuring popular brands such as Paw Patrol, Barbie, and Squishmallows. This strategic expansion underscores Moonpig’s dedication to enhancing its product range and offering value to consumers through personalised card options.
Moonpig’s focus on technological advancements and strategic partnerships reinforces its market position and supports its growth ambitions.
