News
Halfords rides the storm
Carlton Reid Jun 5 2008, 9:30am
Halfords has reported an 8 percent rise in full-year profits, higher than analyst forecasts
Halfords reported profit before tax and exceptional items of £90.2m for the year to March 28th, up from £83.5m the year before.
Market analysts had expected profit of about £87.5m.
Nick Wharton and Paul McClenaghan, acting joint Managing Directors, said in a results statement::
"Sales of leisure products...gained momentum following the slow start to the season that was impacted by a cold and wet April.
In comparison, the Easter period in 2007 benefited from warm, dry weather that helped to drive a strong sales performance."
Halfords has 450 stores, 10,500 staff, and an annual turnover of £797.4m, up from £744m in 2007.
Comments
“Corporate take over”
Posted by: Simon - Jun 5, 8:21pm
Lets hope that's because the bike market is growing, and not because they're slowly putting lots of little bike shops out of business.
May be in twenty years after numerous mergers and money accumulation there will only be five companies left in the world...
...Tesco, Exxon Oil, BAE Systems, Google and Halfords.
Seriously though, lets hope the bike industry is growing enough to keep all cycle traders healthy and happy.