Cycles push Halfords sales higher

Bikes and motoring chain exceeds 1H09 forecasts and ups full-year expectations
Author:
Publish date:
halfords.jpg

Halfords says its group sales increased by 3.8 per cent in the second quarter ending October 2nd (compared to the equivalent period last year), representing like-for-like sales growth of 2.2 per cent.

Year-on-year sales for the first half were up 3.4 per cent, and 1.7 per cent on a like-for-like basis.

In today's trading statement Halfords said it is confident that the Group will deliver half-year profit before tax in the range £59m-£61m, above analyst estimates.

Halfords added that sales momentum within leisure during the first quarter continued into the second quarter, particularly within cycling.

It also stated it had successfully expanded and enhanced its ranges in markets such as camping that have benefited from the recent increased consumer interest in UK holidays.

Featured Jobs

Iride

Customer Services Support

i-ride.co.uk I Burgess Hill, Sussex I Competitive Salary Plus Commission I Date Published Tuesday 20th November 2018

BE2016_googlelogo

Senior Sales Executive

BikeExchange I UK Nationwide I Salary TBC Depending on level of experience I Date published Tuesday 11th December 2018