Moonpig Jumps Over 7% on Buyback Announcement and Strong Profit Outlook

Moonpig Group plc (MOON) shares have jumped over 7% on Wednesday morning following the release of a trading update that highlighted continued strong profit performance and the announcement of a new £65 million share buyback program for FY27.

The market has reacted positively to the news, signaling confidence in the online greeting card and gifting platform’s financial health and future prospects.

The company expects to deliver FY26 guidance of mid-single digit percentage growth in Group Adjusted EBITDA. Adjusted earnings per share are anticipated to be at the top-end of the guided 8% to 12% growth range, bolstered by robust free cash flow and the accretive impact of ongoing share repurchases.

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Moonpig anticipates high single-digit percentage revenue growth for the full year. Greetz, Moonpig’s Netherlands-based subsidiary, has maintained low single-digit percentage revenue growth in constant currency, further benefiting from foreign exchange translation on a sterling basis. Experiences have slightly outperformed expectations. The company now anticipates a mid-single-digit percentage revenue decrease for the full year.

The company is on track to complete £60 million of FY26 share buybacks by the end of the financial year. With a strong balance sheet, leverage is expected to be around 1.1x Adjusted EBITDA as of April 30, 2026. The Board’s decision to initiate an additional share buyback of up to £65 million in FY27 demonstrates its confidence in the Group’s outlook.

CEO Catherine Faiers stated, “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,” reinforcing the company’s focus on long-term value creation.