Successful summer season boosts Halfords confidence in full year
Sales in the three months to 2 October 2009 rose 3.8 per cent from a year earlier.
Like for likes in the same peroid were 2.2 per cent higher.Year-on-year sales growth for the first half was 3.4 per cent, 1.7 per cent on a like-for-like basis. Adjusting for the impact of Easter, sales growth was 2.8 per cent and equating to a like-for-like sales increase of 1.1 per cent.
The group also benefited from the recent increased consumer interest in UK holidays boosting the sale of camping and leisure equipment.
The Board said that it 'is confident that the Group will deliver half-year profit before tax in the range £59m-£61m.'
David Wild, Chief Executive, said:'We are pleased with our performance in the first half year. We have further increased share in our strong markets, managed margins tightly and controlled costs effectively whilst making selective investments to support future growth. Our service initiatives, particularly fitting, and halfords.com are performing ahead of expectations and well above last year.'
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