Halfords profit in line with expectations
Halfords has said it expects to report full year pre-tax profit in line with market expectation.
Halfords said sales for the 52 weeks to 30 March were 9.1 per cent higher than last year and like-for-like sales growth has continued at a consistent level throughout the year, with growth delivered in all areas. Underlying like-for-like sales growth for the year was 5.3 per cent. Ian McLeod, Chief Executive, said ‘We are pleased with this performance which provides further evidence of Halfords’ unique position in the retail market, the strength of its key product categories and its service differentiation. Our store development programme continues to progress, with the opening of 25 new stores(3) during the year and the development of new formats including standalone Bikehut stores in Brighton and Putney.’
