Halfords says profit forecasts on target
Strongest performances in Car Maintenance and Cycling.
Sales have increased by 7.2% over the equivalent period last year and like-for-like sales increased by 4.2%. Sales growth was achieved in all categories, with the strongest performances in Car Maintenance and Cycling. In the nine week period since the February Interim Management Statement sales have increased by 7.6 per cent over the equivalent period last year and like-for-like sales increased by 4.6 per cent. The group also reported sales in the seven weeks to 14 March, which excludes the two Easter weeks, jumped 6.2 per cent and 3.2 per cent like for like, in line with the underlying sales performance at the previous update.
“Through the combination of good growth in sales and close scrutiny of costs the company is expecting to declare a full year profit before tax in line with market expectations and reflecting the ongoing share buyback programme anticipates it will announce high single digit growth in earnings per share” the company said.
