Halfords Group plc (HFD.L) reported a decline of 0.1% in group like-for-like sales for the first half of fiscal year 2025. This decline is compared to the strong performance of the prior year, where like-for-like sales increased by 8.3%.
The company said that it is on track to deliver 30 million pounds in targeted full-year savings. The savings aim to mitigate approximately 35 million pounds in expected inflation.
Despite some signs of improving consumer sentiment, the short-term outlook remains uncertain, especially regarding big-ticket, discretionary purchases. The company's outlook for fiscal year 2025 remains unchanged.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.