|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||5.14 - 5.14|
|52-week range||2.86 - 9.10|
|Beta (5Y monthly)||1.63|
|PE ratio (TTM)||10.08|
|Forward dividend & yield||0.21 (4.09%)|
|Ex-dividend date||15 Dec 2022|
|1y target est||N/A|
LONDON (Reuters) -British bicycle and car products retailer Halfords on Tuesday forecast a jump in sales and profit over the mid-term as its core markets recover and it grows market share. Ahead of a Capital Markets Day presentation, Halfords, whose shares have fallen 30% over the last year, forecast annual sales to grow to about 1.9 billion pounds ($2.4 billion) over the mid-term from 1.6 billion pounds in its 2022-23 year and pretax profit to increase to 90-110 million pounds from 50-60 million. "We expect to deliver this growth through a combination of our core markets recovering from the current very challenging conditions, growing market share by leveraging the unique platform we have built, our acquisition synergies maturing, and using scaled and rich customer and vehicle data to drive customer lifetime value," Halfords said.
Car parts to bicycles retailer urges government to do more to encourage people to train as technicians
Shares in Britain's Halfords slumped 19% on Thursday after it cut annual profit forecast and the motor parts and cycling retailer said it was struggling with labour shortages and weaker demand for bicycles amid a cost-of-living crisis. British businesses are battling inflationary pressures and tepid demand as soaring prices of everything from energy to food are forcing consumers to curtail non-essential spending as they try to make ends meet. Halfords adult bike sales shrank 12% in the final three months of 2022 from a year ago as a surge in demand for bicycles during the peak of the COVID-19 pandemic faded.
“We also expect the consumer tire market to recover through the course of the year,” Stapleton added, “consumers will, however, continue to face inflation, and we therefore do not expect a significant short-term recovery in high ticket, discretionary spending.”
The group forecast full-year underlying pre-tax profits to be at the lower end of its previous guidance of between £65m to £75m.
Retailer, which has reported halving of interim profits, also wants more women in technician jobs
(Reuters) -Bike and motor parts retailer Halfords said its full-year earnings would be at the bottom end of forecasts after interim profit halved partly due to higher costs and as Britons spend less on non-essentials amid a cost of living crisis. Soaring prices of everything from energy to food are forcing British consumers to curtail purchases as they try to make ends meet, while businesses are looking to rein-in costs and stay afloat by wooing customers with offers and discounts. Halfords said on Wednesday its recently launched loyalty programme has been performing well but with rising input costs, it had to "inevitably" pass some costs on to customers for certain products, without specifying which ones.
LONDON (Reuters) -Halfords is aiming to recruit 1,000 new technicians over the next 12 months by attracting retirees to work in its car repair centres, as Britain's tight labour market drives employers to hunt down new resources to fuel growth. Companies in Britain are struggling to recruit staff. Halfords, which sells motoring and cycling services and products, said on Wednesday it would target people who had retired in the last few years but might now be considering a return to work due to the cost-of-living crisis.
Survey showed as many as four in 10 drivers will struggle affording their next MOT test.
The boss of Halfords has hit out at Grant Shapps' "crazy" decision to scrap electric car subsidies amid soaring fuel prices.