Halfords maintains profit guidance after ‘solid’ festive sales

Halfords Derby  3

Halfords has maintained its full-year profit guidance after clocking up a “solid” sales performance during the golden quarter.

The cycling and automotive specialist said group like for likes increased 1.3% during the 14 weeks to January 3. Retail like for likes grew 0.8% – buoyed by a 5.9% uplift in like-for-like cycling sales – while revenues from its autocentres were up 4.6% on the same basis.

Halfords’ total sales climbed 4.6% across the group during the quarter but edged up just 0.6% in its retail business.

By comparison, total sales in its autocentres surged 31.2%.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Three free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.