Halfords expected to report profits of £78.4m - BikeBiz

Halfords expected to report profits of £78.4m

Retail analysts believe Halfords is outperforming the High Street. On Thursday, the company releases its first set of full-year results since flotation.
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According to a consensus of four analysts' forecasts, Halfords is expected to report a 79 percent rise in pretax profit of£78.4m versus £43.8m for the previous year.

Analysts believe current sales have slowed but are still better than most other group-size retailers.

Halfords has almost 400 stores across the UK and is expected to report like-for-like sales ahead by 8.9 percent in the year to April 1st.

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