Moonpig cuts annual revenue forecast, Royal Mail strikes hits orders

Published on December 07, 2022 06:24 PM AEDT

Moonpig cuts annual revenue forecast, Royal Mail strikes hits orders — Image source: ©2022 Kalkine Media®

(Reuters) - British online greeting card Moonpig lowered its annual revenue forecast on Wednesday and reported lower first-half profit after a tough September and October in which its orders were hit by postal strikes at Royal Mail.

The British company now expects revenue for the year ending April 30 to be around 320 million pounds ($388 million), down from its previous forecast of 350 million pounds. ($1 = 0.8253 pounds)

(Reporting by Amna Karimi in Bengaluru; Editing by Savio D'Souza)

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