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Halfords ( (GB:HFD) ) has issued an update.
Halfords Group PLC has upgraded its profit expectations for FY25 due to positive trading results and strategic progress in both its Retail and Autocentres divisions. The company reported significant growth in like-for-like sales, particularly in cycling and services, maintenance, and repair markets. Despite ongoing market volatility, Halfords anticipates underlying profit before tax to range between £32 million and £37 million. However, there remains uncertainty regarding the UK consumer outlook due to changes in fiscal policy, which could add substantial costs to operations in FY26.
More about Halfords
Halfords is the UK’s leading provider of motoring and cycling services and products, operating 377 stores, 2 Performance Cycling stores, 636 garages, and 268 mobile service vans. Customers can shop online for home delivery or store pickup, and book garage services. Halfords also offers a software as a service solution through its subsidiary Avayler to clients in the US, Europe, and Australia.
YTD Price Performance: -3.82%
Average Trading Volume: 545,476
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £273.8M
For a thorough assessment of HFD stock, go to TipRanks’ Stock Analysis page.
