Halfords lifts profit forecast to £65m after strong summer trading

Halfords has upgraded its profit forecast for the year, now expecting FY27 underlying profit before tax of between £55m and £65m, ahead of current market consensus of £52.6m.

The Redditch-based motoring and cycling retailer said the upgrade reflected continued momentum in the business, alongside strong performance in seasonal categories, partly driven by unusually warm summer weather.

The company estimated the heightened seasonal demand had added incremental profit in the mid-single ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...