Halfords suffers fall in full-year profits

Halfords

Halfords has reported a decline in full-year profits as challenging trading conditions and the weather took a toll.

The cycling and motor accessories specialist said profits slid 24% to £51m in the year to March 29, when revenues inched up 0.3% to £1.14bn.

Halfords’ like-for-likes rose 1.1% at group level. Retail like-for-likes advanced 0.8%, while at the Autocentres arm they rose 2.6%.

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