The chief executive of Card Factory, Darcy Willson-Rymer, has seen his remuneration package increase to over £1.5m following a surge in the company's sales.
The West Yorkshire-based retailer awarded Willson-Rymer the pay rise for its most recent financial year, having earned £942,559 in the preceding 12 months, as reported by .
The primary alteration to the CEO's salary was the £531,567 bonus he received, calculated on the basis of Card Factory's average share price in the three months leading up to 31 January, 2024.
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As of that date, Card Factory's share price was recorded at 93.4p.
This annual report follows Card Factory reporting a revenue of £542.5m for its financial year ending 31 January, 2025, marking an increase of 6.2 per cent.
Simultaneously, according to figures submitted to the London Stock Exchange, the retailer's pre-tax profit experienced a slight dip of 2.3 per cent, falling to £64.1m.
Card Factory praises 'strength and resilience'
At the time, Willson-Rymer commented: "Our performance in FY25 demonstrates the strength and resilience of Card Factory and our strategy as we continue to evolve the business into a leading global celebrations group.
"We delivered strong revenue growth, outperforming the wider celebration occasions market."
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"Further expansion of our store estate combined with continued development of our gift and celebration essentials categories, were key drivers of our performance."
"We are now halfway into our 'Opening Our New Future' growth strategy and I am pleased with what we have achieved across the business."
"With entry into new markets, including the US, and expansion of existing partnerships, we are reaching more customers, in more locations."
"As we move into FY26, good momentum has continued during our Spring seasons."
"Despite an uncertain and inflationary backdrop, we remain confident in our ability to deliver mid-to-high single-digit percentage profit growth, underpinned by our strategic focus, our ongoing productivity and efficiency programme and our strong financial discipline."
"I want to thank our dedicated colleagues whose passion and focus on helping our customers celebrate life's moments, continues to drive our success."
Card Factory witnessed its share price take a tumble in September 2024, even as it reinstated its interim dividend following a rise in revenue.
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Its shares experienced a sharp decline, falling from 143p each to 105p within just a few days, and plummeted as low as 79.6p before beginning to recover.
Nevertheless, Card Factory's share price has yet to make a full comeback and presently stands at 95p.