Halfords Group (HFD)

Sector:

Retailers

Index:

FTSE Small Cap

177.00p
   
  • Change Today:
    -6.00p
  • 52 Week High: 196.60
  • 52 Week Low: 51.85
  • Currency: UK Pounds
  • Shares Issued: 199.12m
  • Volume: 373,583
  • Market Cap: £352.44m
  • RiskGrade: 280

Deal with Barclays    Trade now with Barclays Stockbrokers

Halfords backs FY profit guidance after Christmas sale rise

By Michele Maatouk

Date: Thursday 16 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Halfords maintained its full-year profit guidance on Thursday as it posted a rise in sales over the festive period.
In the 14 weeks to 3 January, sales at the bicycle and car parts retailer increased 4.6%, with like-for-like sales up 1.3% thanks to a strong performance form its cycling segment and continued growth in auto centres and B2B.

Retail cycling sales were up 5.9% during the period on a LFL basis, with growth broadly based across the bike categories.

"Our work to optimise the cycling space in our retail stores together with a more innovative and differentiated range has created a better shopping experience for our customers during the peak holiday period. This in turn has delivered strong sales growth as well as better margins and reduced working capital levels," it said.

Retail motoring sales declined 2.7% LFL, which was an improvement on the first half.

Retail sales were up 0.6%, autocentre sales surged 31.2% and Halfords reaffirmed full-year profit guidance of £50m to £55m.

Chief executive officer Graham Stapleton said: "Our results reflect the positive actions we have taken across the group to deliver on our strategy, particularly motoring services, which grew strongly.

"Within retail, cycling performed particularly well, as customers responded to our innovative product ranges and differentiated proposition. Approximately 85% of our bike range is unique to Halfords, including our successful partnership with Disney and the development of an innovative range with Trunki, both of which helped to sell a record number of Kids bikes in the period. In addition, our ability to provide customers with a unique, free, build and storage offer was met with strong demand, as we built 86,000 bikes in the week before Christmas."

Stapleton also said that market conditions remained "subdued" and the company is not expecting a near-term improvement.

At 1000 GMT, the shares were up 6.4% at 154.80p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Halfords Group Market Data

Currency UK Pounds
Share Price 177.00p
Change Today -6.00p
% Change -3.28 %
52 Week High 196.60
52 Week Low 51.85
Volume 373,583
Shares Issued 199.12m
Market Cap £352.44m
RiskGrade 280

Halfords Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.88% above the market average66.88% above the market average66.88% above the market average66.88% above the market average66.88% above the market average
34.69% above the sector average34.69% above the sector average34.69% above the sector average34.69% above the sector average34.69% above the sector average
Price Trend
42.38% above the market average42.38% above the market average42.38% above the market average42.38% above the market average42.38% above the market average
46.94% above the sector average46.94% above the sector average46.94% above the sector average46.94% above the sector average46.94% above the sector average
Income
19.3% below the market average19.3% below the market average19.3% below the market average19.3% below the market average19.3% below the market average
35.29% below the sector average35.29% below the sector average35.29% below the sector average35.29% below the sector average35.29% below the sector average
Growth
88.32% below the market average88.32% below the market average88.32% below the market average88.32% below the market average88.32% below the market average
67.35% below the sector average67.35% below the sector average67.35% below the sector average67.35% below the sector average67.35% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Halfords Group Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Dec-19 25-Jul-19
Paid 17-Jan-20 30-Aug-19
Amount 6.18p 12.39p

Trades for 29-Sep-2020

Time Volume / Share Price
16:44 498 @ 177.00p
16:36 3,412 @ 177.00p
16:35 73,286 @ 177.00p
16:29 174 @ 178.40p
16:29 280 @ 178.40p

Halfords Group Key Personnel

CEO Graham Stapleton
CFO Loraine Woodhouse

Top of Page