Giftify, Inc.’s CardCash Announces 57% Year-Over-Year Growth in Face Value of Gift Cards Sold from Black Friday Through Cyber Monday
23 Dezember 2024 - 3:00PM
Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and
operator of leading digital platforms, CardCash.com and
Restaurant.com, with a focus on incentives and rewards in retail,
dining & entertainment experiences, is pleased to announce
robust sales growth of approximately 57% for the recent shopping
holiday of Black Friday through Cyber Monday.
This growth resulted in $3.1 million in face
value of gift cards sold and was comprised of 8,825 orders with an
average order size of $347.
CardCash has sold over 1 million gift cards
year-to-date aggregating nearly $125 million in total face
value.
Top ranked brands sold:
-
Home Depot #1
-
Walmart #2
-
Kohl’s #3
-
Best Buy #4
Mobile activity up to 62% of all gift card
transactions.
Ketan Thakker, Chief Executive Officer of
Giftify, Inc., commented, “As we approach our one year anniversary
of owning CardCash, we have strengthened the platform and have
improved efficiencies. We are extremely pleased with these results
and believe this is just the tip of the iceberg, as our team has a
multi-prong strategy to accelerate growth in 2025. Going forward we
are focused on driving revenue growth by increasing the number of
retailers, registered users, active users and transactions on our
platforms.”
About Giftify, Inc.
Giftify, Inc. is a pioneer in the incentive and
rewards industry with a focus on retail, dining & entertainment
experiences, as the owner and operator of leading digital
platforms, CardCash.com and Restaurant.com. CardCash.com is a
leading secondary gift card exchange platform, allowing consumers
and retailers to realize value by buying and selling gift cards at
various scales. Its Restaurant.com is the nation’s largest
restaurant-focused digital deals brand. Restaurant.com and our
Corporate Incentives division connect digital consumers, businesses
and communities offering thousands of dining, retail and
entertainment deals options nationwide at over 184,000 restaurants
and retailers. Restaurant.com prides itself on offering the best
deal, every meal. Our gift cards and restaurant certificates allow
customers to save at thousands of restaurants across the country
with just a few clicks.
For more information, visit: www.giftifyinc.com
and www.cardcash.com and https://www.restaurant.com.
Forward-Looking Statements
Press Releases may include forward-looking
statements. In particular, the words “believe,” “may,” “could,”
“should,” “expect,” “anticipate,” “estimate,” “project," "propose,"
"plan," "intend," and similar conditional words and expressions are
intended to identify forward-looking statements. Any statements
made in this news release about an action, event or development,
are forward-looking statements. Such statements are based upon
assumptions that in the future may prove not to have been accurate
and are subject to significant risks and uncertainties. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the company.
Accordingly, you should not place undue reliance on these
forward-looking statements. Although the company believes that the
expectations reflected in the forward-looking statements are
reasonable, it can give no assurance that its forward-looking
statements will prove to be correct. Investors are cautioned that
any forward-looking statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected. The forward-looking statements in
this press release are made as of the date hereof. The company
takes no obligation to update or correct its own forward-looking
statements, except as required by law or those prepared by third
parties that are not paid by the company. Statements in this press
release that are not historical fact may be deemed forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Although Giftify, Inc. believes the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, Giftify, Inc. is unable to give any
assurance that its expectations will be attained. Factors that
could cause actual results to differ materially from expectations
include the company’s ability identify a suitable business model
for the corporation.
Investors Contacts:
ClearThinknyc@clearthink.capital
Giftify (NASDAQ:GIFT)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Giftify (NASDAQ:GIFT)
Historical Stock Chart
Von Dez 2023 bis Dez 2024