Halfords maintains profit guidance after ‘solid’ festive sales

By Luke Tugby2020-01-16T07:14:00

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%.

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