Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Halfords Group plc    HFD   GB00B012TP20

HALFORDS GROUP PLC

(HFD)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Halfords : raises profit outlook on British cycling boom

share with twitter share with LinkedIn share with facebook
10/01/2020 | 03:03am EDT
Outbreak of the coronavirus disease (COVID-19) in St Albans

British retailer Halfords raised its first-half profit outlook on Thursday as a coronavirus-driven cycling boom continues but said it remains cautious about the second half.

The group, which sells motoring and cycling products and services, said its first-half pretax profit is now expected to be more than 55 million pounds, up from the 35 million to 40 million pounds previously guided.

Cycling has increased in popularity as many Britons avoid travelling on public transport during the pandemic and increasingly view it as a health and leisure activity.

Group like-for-like sales rose 22% year on year in the five weeks to Sept. 25, it said, with cycling product sales jumping 46%, helped by improved supply to meet unprecedented demand.

Motoring product sales rose 7.5%, while Halfords' garage business, Autocentres, achieved sales growth of 18%, prompting the group to launch a campaign to recruit hundreds of technicians.

However, Halfords is less optimistic about the second-half outlook.

"The potential impact of second waves of COVID-19 now seems more pronounced than just a few weeks ago, and the economic impact of an end to the furlough (job retention) scheme and the outcome of Brexit negotiations remains very uncertain," it said.

Shares in Halfords, up 7% this year, closed at 181.4 pence on Wednesday, valuing the business at 360 million pounds.

(Reporting by James Davey; Editing by David Goodman)


Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRITISH POUND (EUR/GBP) -0.08% 0.9018 Delayed Quote.7.50%
HALFORDS GROUP PLC -1.32% 224 Delayed Quote.34.38%
share with twitter share with LinkedIn share with facebook
All news about HALFORDS GROUP PLC
10/01London stocks post positive start to quarter; Brexit worries remain
RE
10/01HALFORDS : raises profit outlook on British cycling boom
RE
09/08HALFORDS : UK retailer Halfords buoyed by pandemic cycling boom
RE
09/08HALFORDS : UK retailer Halfords sees bicycle sales surge 59% during crisis
RE
09/08HALFORDS : FY21 20-week Trading Update
PU
09/03HALFORDS GROUP PLC : quaterly sales release
07/07London stocks slip from near two-week highs as COVID-19 fears weigh
RE
07/07Profits gloom overshadows Halfords' cycle sales surge
RE
07/02HALFORDS GROUP PLC : annual earnings release
05/27UK's Halfords to reopen 53 stores to customers
RE
More news
Financials
Sales 2021 1 197 M 1 566 M 1 566 M
Net income 2021 59,4 M 77,7 M 77,7 M
Net Debt 2021 22,6 M 29,6 M 29,6 M
P/E ratio 2021 11,9x
Yield 2021 0,44%
Capitalization 448 M 581 M 587 M
EV / Sales 2021 0,39x
EV / Sales 2022 0,36x
Nbr of Employees 10 400
Free-Float 98,4%
Chart HALFORDS GROUP PLC
Duration : Period :
Halfords Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HALFORDS GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Average target price 290,80 GBX
Last Close Price 227,50 GBX
Spread / Highest target 53,8%
Spread / Average Target 27,8%
Spread / Lowest Target 5,49%
EPS Revisions
Managers
NameTitle
Graham Barry Stapleton Chief Executive Officer & Director
Keith Williams Non-Executive Chairman
Keith Jones Chief Operating Officer
Loraine Woodhouse Chief Financial Officer & Director
Neil Holden Director-Group Information Technology
Sector and Competitors