Halfords Group (HFD)

Sector:

Retailers

Index:

FTSE Small Cap

236.50p
   
  • Change Today:
      8.50p
  • 52 Week High: 245.00p
  • 52 Week Low: 51.85p
  • Currency: UK Pounds
  • Shares Issued: 199.12m
  • Volume: 509,989
  • Market Cap: £470.91m
  • RiskGrade: 354

Halfords warns on H2 profits as bike sales set to decelerate

By Frank Prenesti

Date: Tuesday 08 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Halfords reported soaring sales of cycling goods and car roof boxes as Britons avoided public transport during the coronavirus pandemic, but warned of lower second-half profits as winter approached.
The car parts-to-bike group on Tuesday said underlying sales of cycling goods motored by 59.1% in the 20 weeks to August 21.

Group like-for-like sales rose 5%, held back by a 28.6% fall in motoring products sales with fewer people travelling by car during the crisis, although there had been a return to growth after the easing of lockdown measures.

First-half underlying pre-tax profit was forecast to be £35m - £40m, based on expected September sales, although the company warned that there was still "significant uncertainty" over its second-half outlook.

"Given the natural fall-off in the relative strength of cycling and staycation products during winter months, alongside a difficult economic outlook, full year 2021 profit before tax could be significantly lower than first-half full year 2021," it said.

Sales of electric bikes and scooters soared 230% year-on-year, reflecting changing travel habits while online sales were up 160%, marking another Covid-related shopping trend.

"We have also seen a return to growth in our motoring business, driven by an increase in car journeys and by a high level of demand for staycation-related products such as roof bars and roof boxes," Halfords said.

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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 236.50p
Change Today 8.50p
% Change 3.73 %
52 Week High 245.00p
52 Week Low 51.85p
Volume 509,989
Shares Issued 199.12m
Market Cap £470.91m
RiskGrade 354

Halfords Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.55% above the market average66.55% above the market average66.55% above the market average66.55% above the market average66.55% 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
64.11% above the market average64.11% above the market average64.11% above the market average64.11% above the market average64.11% above the market average
75.51% above the sector average75.51% above the sector average75.51% above the sector average75.51% above the sector average75.51% above the sector average
Income
34.85% below the market average34.85% below the market average34.85% below the market average34.85% below the market average34.85% below the market average
16.13% below the sector average16.13% below the sector average16.13% below the sector average16.13% below the sector average16.13% below the sector average
Growth
86.99% below the market average86.99% below the market average86.99% below the market average86.99% below the market average86.99% below the market average
59.18% below the sector average59.18% below the sector average59.18% below the sector average59.18% below the sector average59.18% 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-Oct-2020

Time Volume / Share Price
16:35 55,583 @ 236.50p
16:29 662 @ 236.50p
16:29 13 @ 237.50p
16:29 11 @ 237.50p
16:29 20 @ 237.50p

Halfords Group Key Personnel

CEO Graham Stapleton
CFO Loraine Woodhouse

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