Halfords’ half year results live up to expectations

Halfords have announced that their total half year sales have increased by 1.9% to £599.9 million.

In the weeks leading to 28^th September, like-for-like sales increased by 2.5% with strong performance from the e-bike, dash cam and motoring services categories.   Retail like-for-like sales grew by 2.3% and Halfords autocentres grew by 3.3%.

Graham Stapleton, Halfords’ chief executive, said: “Despite the challenging UK consumer environment, we delivered a robust sales and cash flow performance in the first half, with costs and profit broadly in line with our expectations.

“We are making good early progress as we implement our new strategy, and we are encouraged by the initial signs. We are moving to a more customer centric approach, leveraging our expertise to provide a more differentiated shopping experience and an integrated and more convenient services offer."