Halfords maintains profit guidance after ‘resilient’ performance
Halfords has maintained its full-year profit guidance after a “resilient” third quarter in what the retailer said remains a “very challenging consumer environment”.
For the 13 weeks to December 29, 2023, the motoring and cyclist specialist recorded a 1.6% increase in total revenue year on year, while like-for-like revenue was up 2% for the period.
Halfords saw “stronger” sales across its motoring category, up 0.7% compared with a decrease of 1.2% revenue growth across cycling, which it attributed to a “weaker spend in discretionary areas”.
Already have an account? Sign in here
