3 stories found
British retailer Halfords has upgraded its annual profit guidance after unseasonably warm weather drove a significant surge in seasonal product sales. The positive trading update prompted a sharp rise in the company’s share price to a four-year high.
Halfords announced an increase in sales despite a challenging consumer environment, attributing the boost to its garage modernization efforts and a strong push in e-bike sales.
Investors are hopeful for a positive update from Halfords as the company is set to reveal its figures for the year to April on Thursday, June 25, expecting stronger profits driven by positive sales momentum.