Halfords remains a strong ‘buy’ for some City brokers but other analysts see profit risk
The retailer flagged low margins in the cycling division, which has seen high sales during the crisis
Company
Halfords Group PLC
LON:HFD
Halfords Group PLC is engaged in the retailing of auto, leisure and cycling products. The principal activity of the Company is that of a holding company. During the fiscal year ended March 28, 2008, the Company operated from 430 stores in the United Kingdom via overseas branches, 17 stores in the Republic of Ireland and three in the Czech Republic. Its product portfolio consists of three categories: car maintenance (including car parts, servicing consumables), car enhancement (including in-car entertainment systems, cleaning products, accessories, interior and exterior car styling products) and leisure (including cycles and cycle accessories and roof boxes, cycle carriers, child car seats and outdoor leisure equipment).
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Halfords expects improvement in motoring business as cycling continues to pedal higher
The retailer said the second half of the year will see better profits and modelled three scenarios ranging from a £10mln loss to a £20mln profit
Halfords cycles higher as it reports better than expected trading amid lockdown
The auto and cycling retailer said it expected its profits for the year ended 3 April will be "at the upper end" of its guided range of £50-55mln
Halfords expects 'severe' coronavirus impact in coming weeks
As a bike and motoring specialist, Halfords is deemed an essential supplier by the government and can keep its stores open under current restrictions.
Halfords picks up after difficult first half
In the 14 weeks to 3 January, group and like-for-like sales rose 4.6% and 1.3% respectively
Halfords accelerates car servicing business as retail continues to slump
The retailer is fast-tracking its autocentres business, which grew its revenues by 2.1% to £82.7mln in its first-half
Halfords sales cycle backwards on weak consumer confidence and poor summer weather
Chief executive Graham Stapleton said the company believes the economic and political uncertainty will continue to impact big-ticket discretionary spend in the second half.
Halfords to cut costs in 2020 to boost profit amid challenging retail market
Halfords posted a 17.9% drop in underlying pre-tax profit for 2019 as mild winter weather and subdued consumer confidence hit motoring sales
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FTSE 100 closes higher as trade tensions ease
The UK's premier shares index closed up around ten points at 7,320
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JD Sports surges as strong Christmas trading boosts earnings outlook
The FTSE 250 sportswear retailer that total sales growth for the 48 weeks to 5 January was up 15% while total like-for-like growth was more than 5%
Tesco, Next and Ted Baker among the festive winners as high street survives Christmas - but only just
Below we provide a cut-out-and-keep guide to the major quoted retailers and how the quoted retailers performed
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Moss Bros to wrap up busy week of Christmas trading updates from high street retailers
The day includes trading updates from retailers Moss Bros and AO World, plus UK gross domestic product data and US inflation figures
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Obtala surges after cash injection
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Halfords' shares veer off road as profit guidance slashed
There were some bright spots in the statement. The Autocentres business continues to grow like-for-like sales and online sales, which represent 20% of total sales, grew 7.5%
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FTSE 100 closes higher as Wall Street shares mixed; optimism over trade talks fades
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Halfords profits hit by higher costs but full year guidance unchanged
"Despite the challenging UK consumer environment, we delivered a robust sales and cash flow performance in the first half, with costs and profit broadly in line with our expectations,” said chief executive Graham Stapleton
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FTSE 100 closes higher ahead of Federal Reserve meeting
The focus is now on the Federal Reserve meeting later. The interest rate announcement is set for 7.00pm, UK time
Sports Direct expects at least 50% of existing Evans Cycles stores to remain open following purchase
The FTSE 250-listed group also confirmed that the consideration paid for the Evans Cycles business was £8mln, of which around £2mln was paid to fund Evans Cycles' October payroll
Sports Direct new frontrunner to buy Evans Cycles after reports Halfords has dropped out
Citing sources, Sky News’ website said Halfords - which offered to buy Evans last month - had ended talks with the private equity-owned firm's advisers