Halfords Group plc (HFD.L), in its pre-close statement, said it expects fiscal 2013 pre-tax profit to remain in line with prior assumptions within the range of 68 million pounds - 72 million pounds. The Group added that its financial position is sound; and has focused on exiting old inventory as it invests for the new fiscal year.
During the the 11-week period to March 29, 2013, the prolonged winter period led to a year-on-year change in the sales mix in the period, benefitting Car Maintenance while having a marked dampening effect on our outdoor-focused categories, such as Cycling and Travel Solutions.
Chief Executive, Matt Davies, noted, "Car Maintenance sales were strong as we helped motorists cope with the freezing conditions and this endorses our strategy of investment in our unique wefit offer. Cycling and Travel Solutions were impacted in the period but we have a strong offer ready for the spring and summer periods."
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