Halfords Group (HFD)

Sector:

Retailers

Index:

FTSE Small Cap

160.50p
   
  • Change Today:
    -0.40p
  • 52 Week High: 234.00
  • 52 Week Low: 147.10
  • Currency: UK Pounds
  • Shares Issued: 218.93m
  • Volume: 897,167
  • Market Cap: £351.38m
  • RiskGrade: 239

Halfords lifts profit expectations, shares surge

By Michele Maatouk

Date: Wednesday 10 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Halfords upgraded its outlook for full-year profits on Wednesday as it reported growth in first-half profit and revenue, sending shares in the motoring and cycling products retailer surging.
In the 26 weeks to 1 October, revenues were up 19.2% compared to FY20 at £694.8m, with pre-tax profit rising to £64.3m from £325.7m in the same period a year ago.

Halfords said revenue growth was driven by market share gains in Autocentres and Retail Motoring, and Retail Cycling growth, despite ongoing supply chain issues.

The retailer lifted its guidance for FY22 underlying pre-tax profit to between £80m and £90m, from "above" £75m previously.

Halfords said it has seen a positive start to the second half, with sales momentum continuing across the business and supply chain disruption beginning to ease.

Chief executive officer Graham Stapleton said: "We are delighted to have delivered a strong H1 performance, driven by market share gains in Motoring products, Garages and our mobile services business, which now account for more than two thirds of our revenue. We also continued to see a significant contribution from areas of strategic focus, with revenue from Group Services, Online and B2B, all growing by more than 75% on a two-year basis.

"In cycling, demand levels remain good, and we are pleased with the current availability of kids bikes and e-bikes as we head into the Christmas trading period. We have carried good sales momentum into H2 across our business, supported by the easing of supply chain disruption."

At 0830 GMT, the shares were up 12% at 312.60p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Halfords Group Market Data

Currency UK Pounds
Share Price 160.50p
Change Today -0.40p
% Change -0.25 %
52 Week High 234.00
52 Week Low 147.10
Volume 897,167
Shares Issued 218.93m
Market Cap £351.38m
RiskGrade 239

Halfords Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.80% above the market average82.80% above the market average82.80% above the market average82.80% above the market average82.80% above the market average
68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average
Price Trend
40.91% below the market average40.91% below the market average40.91% below the market average40.91% below the market average40.91% below the market average
41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average
Income
69.74% above the market average69.74% above the market average69.74% above the market average69.74% above the market average69.74% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Growth
67.26% below the market average67.26% below the market average67.26% below the market average67.26% below the market average67.26% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 1
Sell 1
Strong Sell 1
Total 6
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Halfords Group Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Dec-23 10-Aug-23
Paid 19-Jan-24 15-Sep-23
Amount 3.00p 7.00p

Trades for 28-Mar-2024

Time Volume / Share Price
18:00 150,000 @ 160.60p
16:58 150,000 @ 160.60p
16:35 167,568 @ 160.50p
16:35 1 @ 160.50p
16:35 1,821 @ 160.50p

Halfords Group Key Personnel

CEO Graham Stapleton
CFO Jo Hartley

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