• Group Q4 like-for-likes rise 2.6%
  • Retail LFLs up 3.1%
  • Bike sales up for second consecutive quarter 

Halfords has posted a healthy rise in fourth-quarter like-for-likes as sales of bikes rose for a second consecutive quarter.

The car parts and cycling retailer said today that group like-for-likes rose 2.6% in the 11 weeks to April 1. Retail like-for-likes increased 3.1%. 

Its cycling unit reported like-for-likes up 1.9% in the period, as bikes sales increased but parts, accessories and clothing had a ā€œsmall declineā€. On a full-year basis, cycling like-for-likes slipped 0.9%.

Boss Jill McDonald, who took charge in May last year, has endured a bumpy ride in her first year as first-half profits fell partly due to a soft cycling performance. Weak winter sales also led to the retailer slashing bonuses for senior management.

However, McDonald said today: ā€œThis was another good trading performance across the group.ā€

Motoring sales rose 3.5% in the quarter against ā€œtough comparativesā€, driven by in-car dash cams, car cleaning products and travel equipment, the retailer said. Sales at its Autocentres posted a tenth consecutive quarter of growth, up 1.7%. 

McDonald added that the business is ā€œon trackā€ to meet full-year profit expectations.

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