Halfords Outshines Profit Expectations!
Halfords just rolled out a fresh set of earnings that left investors grinning. Under the line, pre‑tax profits jumped 6.4% to £38.4 million for the year ending 28 March.
What’s Driving the Numbers?
- Inflation dealt a heavy blow: a rise in the minimum wage pushed costs up by £33 million.
- Revenue climbed a modest 0.1% to £1.72 billion.
- Like‑for‑like sales ticked up 2.5%, showing steady growth.
CEO’s Take‑away
Chief lad Henry Birch shared his enthusiasm: “I’m thrilled to announce solid results for Halfords. We’ve hit strong numbers, moved our strategy forward, and have a plan to tackle the inflation beast.”
He added, “This is a wild moment to jump in. The potential to lean into and grow this great company is huge.”
Why It Matters
Despite the cost drag from the wage hike, Halfords’ performance signals resilience. These earnings show the company can navigate churny market waters while still growing sales.
Stay tuned for more real‑time updates or subscribe to get the latest buzz straight on your device. Happy reading!
