Halfords repays furlough cash and prepares for strong full-year performance

Halfords said it has repaid the cash claimed through the Government’s furlough scheme in a trading update this morning (March 1).

The firm added that full-year profit after paying back the £10.7m will be in the region of £90-100m.

Halfords has experienced stronger-than-anticipated trading in its fourth quarter with sales up 6.2% on last year.

A statement from the company said: “Although only six weeks remain of FY21, the expected profit range remains quite broad as trading patterns continue to be volatile, with sales ahead of Easter particularly difficult to predict whilst the UK remains in lockdown. As the country starts to open up once more, our overriding priority remains the health and safety of our colleagues and customers.

“Our next planned trading update will be our preliminary results announcement on 17 June 2021.”