Halfords profits rise despite ‘volatile’ year of trading
Halfords has recorded soaring profits as its B2B, services and online businesses thrived during the pandemic.
The cycling and automotive specialist recorded a 72.3% rise in underlying profit before tax for the full year to April 2, driven by the “biggest ever year for services”.
It said 29% of group sales are now service-related, while 44% are online and 18% are from B2B channels.
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