Halfords issues profit warning as labour shortage bites
Halfords has adjusted its full-year profit outlook despite posting strong revenue growth over Christmas.
Halfords posted 38.3% group revenue growth over the third quarter but now expects its full-year underlying profit before tax to be between £50m and £60m, compared with the £65m to £75m it had previously forecast.
The motoring and cycling retailer said it had been unable to recruit enough technicians in its autocentres, limiting its peak MOT period in the fourth quarter, and that demand for tyres and high-value products had weakened.
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