Strong Interim Results
Halfords announced strong interim results for the 26 weeks to September 26, with significant contributions from various divisions.
Debt-Free Balance Sheet
The company maintains a debt-free balance sheet with strong cash flow generation, enhancing financial stability and investment capability.
Scale and Market Position
Halfords has a significant market presence with 370 stores, 500 garages, and a large consumer base, serving over 20 million customers annually.
Growth in Cycling Segment
The Cycling market segment has seen good growth, contributing significantly to the company's overall performance.
Motoring Club Success
Halfords Motoring Club built a loyalty base of 6 million customers, generating GBP 20 million in annual recurring revenue.
Digital and Physical Integration
80% of digital orders are click and collect, showcasing strong integration between online and physical store channels.
Focus on Service Expansion
The shift towards services has led to higher-margin revenue, with service-related income now over half of total revenue.