|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||4.9300 - 4.9300|
|52-week range||3.4200 - 5.8500|
|Beta (5Y monthly)||1.65|
|PE ratio (TTM)||13.32|
|Forward dividend & yield||0.25 (5.10%)|
|Ex-dividend date||10 Aug 2023|
|1y target est||N/A|
Halfords in June had said it expected profit growth in fiscal 2024, but the lower-end of the forecast range given on Wednesday implies a roughly 7% fall in profit. The over 130-year-old company, which has retail stores, garages, mobile vans and home delivery services, said demand for discretionary products has been softer in the second quarter, compared with the prior three-month period.
Drivers are putting off replacing their tyres until they are in “critical” condition as squeezed consumers are forced to cut costs, Halfords has warned.
Halfords forecast profit would rise 3% in its current financial year, saying its efforts to keep prices low should help it to retain customers squeezed by inflation that limits their power to spend on bikes and motoring. Halfords, which sells bikes and is the UK's biggest provider of motoring services and products, said trading since the start of its new financial year in April had been strong and its plan to grow market share was on track. Chief Executive Graham Stapleton said Halfords is investing in prices to keep them low, putting resources into growing its loyalty club and offering customers interest-free financing so they can spread the cost of replacing car tyres over a longer period.