Halfords Group (HFD)

Sector:

Retailers

Index:

FTSE Small Cap

153.10p
   
  • Change Today:
    -3.50p
  • 52 Week High: 258.60
  • 52 Week Low: 142.00
  • Currency: UK Pounds
  • Shares Issued: 199.12m
  • Volume: 285,435
  • Market Cap: £304.85m
  • RiskGrade: 169

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.

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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 153.10p
Change Today -3.50p
% Change -2.24 %
52 Week High 258.60
52 Week Low 142.00
Volume 285,435
Shares Issued 199.12m
Market Cap £304.85m
RiskGrade 169

Halfords Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.24% above the market average98.24% above the market average98.24% above the market average98.24% above the market average98.24% above the market average
83.67% above the sector average83.67% above the sector average83.67% above the sector average83.67% above the sector average83.67% above the sector average
Price Trend
70.93% below the market average70.93% below the market average70.93% below the market average70.93% below the market average70.93% below the market average
74.07% below the sector average74.07% below the sector average74.07% below the sector average74.07% below the sector average74.07% below the sector average
Income
93.96% above the market average93.96% above the market average93.96% above the market average93.96% above the market average93.96% above the market average
73.68% above the sector average73.68% above the sector average73.68% above the sector average73.68% above the sector average73.68% above the sector average
Growth
89.67% below the market average89.67% below the market average89.67% below the market average89.67% below the market average89.67% below the market average
70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 1
Strong Sell 0
Total 5
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 19-Feb-2020

Time Volume / Share Price
16:43 11 @ 153.10p
16:35 70,089 @ 153.10p
16:29 148 @ 152.90p
16:29 3 @ 153.60p
16:28 97 @ 153.00p

Halfords Group Key Personnel

CEO Graham Stapleton
CFO Loraine Woodhouse

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