Halfords Reports Solid Growth Amid Market Challenges

Halfords (GB:HFD) has released an update.

Halfords Group PLC has reported a sturdy 7.9% revenue growth and an underlying profit before tax of £36.1 million for FY24, despite a challenging environment marked by declines in Consumer Tyres and Cycling markets. The company’s Services business has become a key revenue driver, now accounting for more than half of total earnings. Although facing external pressures like cost inflation and reduced consumer spending on big-ticket items, Halfords remains optimistic about gaining market share and achieving long-term financial targets.

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