Halfords Group plc (HFD.L), a UK provider of motoring and cycling products and services, reported Wednesday that like-for-like sales grew in the financial year 2026. On the back of the sales growth, the company now expects full-year profit to be around the upper end of expectations.
Further ahead, for fiscal 2027, Halfords said it is comfortable with consensus expectations for underlying profit before tax of 42.0 million pounds to 48.6 million pounds.
On the LSE, shares of Halfords were gaining 9.87 percent, trading at 147.00 pence.
In its fiscal 2026 trading update, the company reported that Retail sales on LFL basis rose 4.1 percent this year, as Motoring LFL sales increased 2.9 percent and Cycling LFL sales climbed 6.4 percent.
Autocentres LFL sales grew 5.8 percent excluding Avayler.
For the full year 2026, Underlying profit before tax is expected to be around the upper end of the consensus range of 36.0 million pounds to 41.2 million pounds, driven by gross margin expansion and managed costs.
The firm noted that trading in March and April was in- line with expectations despite an uncertain macroeconomic backdrop from the Middle East Conflict.
The full-year 2026 results are scheduled to be announced on June 25.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.