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.
For comments and feedback: editorial@rttnews.com