Finance
Greeting Card Retailer Moonpig Jumps After Share Buyback
Published by Global Banking & Finance Review®
Posted on March 18, 2026
2 min readLast updated: March 18, 2026
Quick Summary
Moonpig shares rose sharply—up around 9% intraday (6.2% by 08:45 GMT)—after unveiling a £65 million buyback, underscoring management’s confidence under new CEO Catherine Faiers and buoyed by solid fiscal‑2026 forecasts.
Moonpig Shares Jump as £65 Million Buyback Signals Strong Growth Ahead
Moonpig's Buyback and Growth Outlook
March 18 (Reuters) - Shares of Moonpig jumped 9% in early trading on Wednesday after the online greeting card retailer launched a 65-million-pound ($86.81 million) share buyback, signalling confidence in its prospects for fiscal 2027 following robust forecasts for the current year ending April.
Leadership and Strategic Initiatives
The outlook comes after new CEO Catherine Faiers took over the helm earlier this month, as Moonpig looks to bolster its offerings and invest in technology to drive growth and demand for its products and services.
CEO Catherine Faiers' Vision
"Looking ahead, I see a clear opportunity to build on our proprietary data and strong customer relationships," Faiers said in a statement.
Financial Performance and Market Reaction
- Shares up 6.2% at 224 pence by 0845 GMT.
- The company also expects growth in adjusted earnings per share to be at the top-end of its guidance of 8% to 12% growth for fiscal 2026, supported by strong free cash flow generation and the impact of buybacks.
- Moonpig also expects to deliver high-single-digit percentage revenue growth and mid-single-digit percentage growth in adjusted core profit. Analysts are expecting revenue growth of 6.9%, according to a company-compiled consensus.
Industry and Consumer Sentiment
- The outlook comes despite British consumers turning their least confident since the start of last year following the outbreak of war in the Middle East, according to a survey on Monday from financial data firm S&P Global.
- JP Morgan analysts said there is little direct impact to Moonpig from events in the Middle East, with the main potential concern being any slowdown in the consumer environment.
Exchange Rate Information
($1 = 0.7488 pounds)
Reporting Credits
(Reporting by Neeshita Beura and Pushkala Aripaka in Bengaluru; Editing by Nivedita Bhattacharjee)
Key Takeaways
- •The £65 million share buyback reflects strong free cash flow and confidence in future earnings — Moonpig completed £30 million in H1 FY26 and plans £60 million buybacks for the year (assets.lsegissuerservices.com).
- •Catherine Faiers, stepping in as CEO, emphasizes leveraging proprietary data, AI-driven personalization and customer relationships to drive growth (plc.autotrader.co.uk).
- •Moonpig benefits from robust fundamentals: 27%+ EBITDA margins, growth in subscriptions and international markets, and a 70% share of the UK online greeting card market (ainvest.com).
References
Frequently Asked Questions about Greeting card retailer Moonpig jumps after share buyback
1Why did Moonpig shares rise in early trading?
Moonpig shares rose 9% after announcing a £65 million share buyback and expressing confidence in future growth.
2Who is the new CEO of Moonpig?
Catherine Faiers became the new CEO of Moonpig earlier this month.
3How is Moonpig planning to achieve future growth?
Moonpig plans to invest in technology and build on its proprietary data and customer relationships to drive demand.
4Does the Middle East conflict affect Moonpig's business?
JP Morgan analysts state there is little direct impact to Moonpig from events in the Middle East.
