Halfords has maintained its profit guidance for the year after delivering “sustained progress” against its strategy as sales edged up.
The motoring specialist reported group revenues rose 3.3% in the 26 weeks to September 26, up 4.1% on a like-for-like basis.
Retail sales increased 3.3% or 4% on a like-for-like basis, while trading in its Autocentres was up 3.4% and 4.3% in like for likes.
The retailer reported its gross margin was up in the half, “building on the strong result” delivered in the previous year, thanks to planned cost savings to help mitigate inflationary pressures.
As a result, Halfords said it remained “comfortable” with its current profit outlook of an underlying pre-tax profit of between £36m and £39.8m.
Halfords chief executive Henry Birch said: “I am very pleased with our progress in the first half of FY26 and want to thank all our colleagues for their efforts in delivering this performance. I am looking forward to sharing our plans for the future at our interim results announcement next month.”
The retailer’s interim results is scheduled for November 27.
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