Bike and auto accessories specialist Halfords has posted like-for-like sales up 5.5 per cent for the 26 weeks to September 28.
In a trading update, Halfords said there had been “balanced” growth across all core categories over the period and that gross profit remained in line with expectation.
Halfords chief executive Ian McLeod said: “Our sales and service strategy, particularly in cycling and camping, has delivered an improvement in like-for-like sales growth against strong comparatives last year. This result continues to demonstrate both Halfords’ resilience and its defensive qualities, underpinning our confidence for the second half.”
Total sales for the period increased by 8.5 per cent.
Seymour Pierce analyst Andrew Wade said: “Although this was a good outturn for the first half, particularly against 5 per cent like-for-likes last year, the past 11 weeks (since the interim management statement) delivered like-for-like growth of just 3.2 per cent.”
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