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Halfords has named Henry Birch as its new CEO

Halfords expects strong 2025 profit, appoints new CEO

Halfords has today named gambling firm Rank Group's former chief Henry Birch its new CEO, and the provider of motoring and cycling products and services said it expects 2025 profit to come in at the upper end of its forecast range.

Business • 15 Apr

Halfords said today it now expects underlying pre-tax profit of £32-37m in fiscal 2025

Halfords shares soar on higher annual profit forecasts

Shares of Halfords jumped 20% today after the bicycle and car products retailer reported robust Christmas sales and forecast fiscal 2025 profit above analysts' expectations.

Business • 28 Jan

Halfords warned that it had seen a further weakening in demand for bicycles in January as unseasonal weather hit sales of winter products for cars and tyres

Halfords shares hammered after profit warning

Britain's Halfords Group cut its annual profit forecast and warned there could be no profit growth next year as a result of weakening demand for bicycles, car products and tyres, sending its shares plunging.

Business • 29 Feb 24

Halfords lowered the upper end of its profit expectations due to challenges in the sales in discretionary categories amid a cost-of-living crisis

Halfords narrows annual profit forecast range

Bicycles-to-car parts retailer Halfords Group has today narrowed its annual profit forecast range, lowering the upper end of its expectations by £5m as people cut down on discretionary spending.

Business • 29 Nov 23

Halfords said it expects its pretax profit to grow to £90-110m from £50-60m

Halfords targets jump in sales and profits

Bicycle and car products retailer Halfords has today forecast a jump in sales and profit over the mid-term as its core markets recover and it grows market share.

Business • 18 Apr 23

Halfords said its half-year revenue grew 10.2% to £765.7m on the back of growth in servicing

Halfords says motor servicing demand strong, sales dip

Bikes and car parts retailer Halfords is seeing strong demand for motor servicing and is planning to hire 1,000 technicians in the next 12 months, it said today, even as discretionary spending softened.

Business • 23 Nov 22

Halford said freight costs have at times reached 10 times the normal rate, partly due to a shortage of lorry drivers in the UK

Halfords bumps up profit outlook ahead of Christmas

Halfords has boosted its annual forecast as half-year earnings held strongly above pre-pandemic levels, with Britain's largest cycling retailer betting on sales of kids bikes and e-bikes to drive earnings up to Christmas.

Business • 10 Nov 21

Halfords said it expected the cycling supply chain issues to continue for some time

Supply chain disruption hits Halford's bike business

Bikes and car parts retailer Halfords said that disruption in the global supply chain was dragging on its cycling business, although it stuck to its full-year profit target.

Business • 08 Sep 21

Halfords has proposed a full-year dividend per share of nine pence

Halfords expects higher earnings, resumes dividend

Halfords Group has today forecast higher earnings for this year after its annual profit nearly trebled, as more people took to cycling during the pandemic, encouraging the bicycle retailer to resume its dividend.

Business • 17 Jun 21

Halfords aims to own over 550 garages in the UK

Halfords buys Universal Tyre in £15m deal

British bicycle and car products retailer Halfords has agreed to buy motoring services provider Universal Tyre and Autocentres for £15m.

Business • 19 Mar 21

Halfords' shares are up 55% so far this year

Halfords' H1 profit more than doubles on cycling boom

British bicycles and car products retailer Halfords has today reported a more than doubling in first-half profit, boosted by a Covid-19-driven cycling boom.

Business • 18 Nov 20

Halfords continues to benefit from a cycling boom during the coronavirus pandemic

Halfords raises profit outlook on cycling boom

British retailer Halfords has raised its first half profit outlook as it continued to benefit from a cycling boom during the coronavirus pandemic.

Business • 01 Oct 20

Halfords said its strong performance in cycling was partially offset by a 28.6% fall in motoring products sales

Halfords sees bicycle sales surge 59% during crisis

Retailer Halfords said today that underlying sales of cycling goods surged 59.1% in the 20 weeks to August 21, as people continued to shy away from public transport during the coronavirus pandemic.

Business • 08 Sep 20

As a provider of products deemed essential, Halfords was able to trade through the coronavirus lockdown period.

Halfords' sales fall 6.5% in lockdown quarter

Retailer Halfords said today that its underlying cycling sales surged 57.1% in its latest quarter as people took to bicycles to avoid public transport during the coronavirus lockdown.

Business • 07 Jul 20

Halfords said that it was planning for a sales decline of 25% during its new financial year which starts in April

Halfords forecasts 25% sales drop, tries to save cash

Bicycles and car products retailer Halfords warned that it was likely that sales would drop sharply as a result of government measures to prevent the spread of coronavirus, prompting it to try to save cash.

Business • 25 Mar 20

Shares in Halfords have fallen by 48% over the last year

Halfords says political uncertainty denting sales

Halfords warned today its 2019-2020 profit would be slightly lower than forecast as UK economic and political uncertainty took its toll on sales of more expensive bicycles and in-car technology in recent months.

Business • 04 Sep 19

Halfords made an underlying pretax profit of £58.8m for the year to March 29

Halfords profit down 18%, sees flat outcome in new year

Bicycles and car parts retailer Halfords today reported a 18% fall in annual profit and, with consumer confidence "fragile", forecast a flat outcome in its new financial year.

Business • 21 May 19

Halfords reports a rise in underlying sales in a tough trading environment

Halfords maintains full-year guidance on sales rise

UK bicycles-to-car-parts retailer Halfords has today maintained its full-year profit guidance as it reported a rise in underlying sales in a tough trading environment.

Business • 04 Sep 18

Halfords said it continues to see good growth prospects for the cycling market

Halfords warns its profits will be flat in 2018-19

UK bicycles to car parts retailer Halfords has today warned that profit for the current year would be flat after reporting a 5% fall for 2017-18, saying it would step-up investment in the business.

Business • 22 May 18

Halfords made a pretax profit before one-off items of £75.4m for the year to the end of March

Halfords annual profit dented by weaker pound

Bicycles to car parts retailer Halfords today reported a 7.5% fall in annual profit, hurt by the post-Brexit vote fall in the value of the pound that increased the costs of imported goods.

Business • 25 May 17

Halfords said that sales of bikes fell 4% on a like-for-like basis in its first quarter

Halfords flags possible profit hit from weak pound

Halfords could face a bigger hit to profit from sterling's depreciation against the dollar than previously indicated due to the currency impact of Britons' vote to leave the EU, it said today.

Business • 14 Jul 16

Halfords reports marginally higher full year profits and revenues

Halfords' full-year pretax profit rises slightly

Halfords Group said its full-year pretax profit before non-recurring items rose marginally, helped by strength in its motoring business.

Business • 01 Jun 16

Halfords trades from 470 stores in the UK and Ireland

Halfords suffers cycling sales wobble

British car parts to bikes retailer Halfords said a recent boom in bicycle sales had fallen off sharply in its second quarter.

Business • 04 Sep 15

Halfords reaches its £1 billion revenue target ahead of schedule

Halfords' cycling push pays off as profits rise

British car parts to bicycles retailer Halfords has today posted an 11.4% rise in full-year profit.

Business • 05 Jun 15

Bikes-to-car parts retailer Halfords names new boss today

New Halfords CEO swaps burgers for bikes and cars

British bikes-to-car parts retailer Halfords has appointed an executive of burger firm McDonald's to be its new boss.

Business • 23 Mar 15