Halfords profits rise despite ‘volatile’ year of trading

Exterior of Halfords Derby store showing fascia

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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