Moonpig has announced new plans for a £65m share buyback scheme as the online card retailer confirmed it is on track to meet its trading expectations.

The company said it had traded in line with expectations through its H2 period and that it expects to deliver its FY26 guidance of mid-single digit percentage growth in group adjusted earnings.

In a trading update ahead of announcing its full-year results in June, Moonpig revealed its adjusted earnings per share will be at the top-end of its guidance of 8-12% growth, supported by strong free cash flow generation and the accretive impact of buybacks. The card retailer is also anticipating “high single digit percentage” revenue growth across the year.

Moonpig is also on course to complete £60m of FY26 share buybacks by the end of the financial year, which runs up to 30 April. The company has also confirmed it will commence a further share buyback of up to £65m in FY27.

CEO of Moonpig, Catherine Faiers, commented: “Moonpig benefits from a compelling customer proposition and leading market positions in online greeting cards and gifting. Looking ahead, I see a clear opportunity to build on our proprietary data and strong customer relationships to become even more relevant to customers and inspire even greater creativity in how people celebrate and connect.

“With our strong brands, loyal customer base and highly cash generative model, I am confident the group is well positioned to deliver sustained growth over the years ahead.”

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