Halfords warns on profits in face of cost-of-living crisis

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Halfords has downgraded its profit expectations for the full year despite a rise in sales and profits.

The retailer reported underlying profit before tax of £89.8m, up 57.8% on a two-year basis, in the 12 months to April 1.

Revenues also grew 19.9% on a two-year basis and 6% year on year to £1.37bn.

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