Halfords Turns the Tides: Sales Slow‑Down, Profits Up, and a Bold Road Ahead
Halfords has dropped a warning on the road: big‑ticket sales have slowed a bit in the last couple of months—a real dent in the high‑price goods that usually bring the cash. But don’t drive off in panic just yet, because the company also bragged that sales and profits have shipped up over the last six months, largely thanks to the cycling and motoring fans who keep the wheels turning.
What the Numbers Say
- Pre‑tax profit for the current year is expected to sit somewhere between £48 million and £53 million.
- In the first half of the year (to 29 September), pre‑tax profit climbed by 3.3%, hitting £19.3 million.
- Automatic centers are on fire—they’re pulling in strong trading that even balances out the quieter retail side.
CEO Graham Stapleton Speaks
“Even with the whirlwind of market changes and the low‑speed recovery in some sectors, we’re starting the year on the right track, with solid sales and profit growth, plus a slice of increased market share across the board,” says Stapleton. He adds, “We’re supporting customers who’re feeling the pinch from the cost‑of‑living crisis by offering unbeatably good value when they need it most.”
“In the face of constant economic uncertainty, we’re laser‑focused on fine‑tuning every part of the business. I’m thrilled with how our autocentres are performing—they’re churning out noticeably higher returns,” he continues. “With that momentum, we’re turbocharging capital investment in our garage services model and boosting the customer experience in ten towns for the rest of the financial year.”
Now What?
- Stick it in the garage—Halfords’ autos are on a steady climb.
- Gear up for the next phase: capital spending will keep gearing up around towns that can use a revamp.
- Brace for a smoother sales ride, as the company tightens its focus on value and service.
Stay Updated!
Keep your phone or tablet on standby for real‑time alerts on this story—subscribe now so you won’t miss any updates about how Halfords navigates its way forward.
