Share Prices & Company Research

Market News

01 Mar 2021 | 07:44

Halfords reports trading stronger than expected

(Sharecast News) - Halfords said trading was stronger than it had expected as its Autocentre garage business registered strong demand. The vehicle maintenance and bike seller said annual pretax profit would be between £90m and £100m after business was better than expected in the first seven weeks of its final quarter.

Halfords said it would repay all the £10.7m of furlough money from the government and that its profit guidance took account of the repayment.

In the seven weeks to 19 February group like-for-like revenue rose 6.2%. Income rose 5.1% at the retail business and 14.3% at Autocentres.

"Although we have continued to experience a volatile trading environment across the first seven weeks of Q4, overall trading has been stronger than we initially anticipated across the business," Halfords said.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.