Halfords CEO “pleased” with first half progress
Halfords has said it made sustained progress in the first half of its financial year as it kept its outlook for the full year unchanged.
In a trading update ahead of its results for the 26 weeks to 26 September, the motoring and cycling retailer reported a 4.1% increase in like-for-like sales after retail and autocentres like-for-likes rose by 4% and 4.3%, respectively.
Subscribe to TRBHalfords also reported gross margin expansion year-on-year, which was partly driven by “planned cost savings to help mitigate inflationary pressures”.
Henry Birch, Halfords chief executive, said: “I am very pleased with our progress in the first half of FY26 and want to thank all our colleagues for their efforts in delivering this performance.
“I am looking forward to sharing our plans for the future at our interim results announcement next month.”
