Halfords beats estimates, shares jump 13% By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2024
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Source: Investing.com
Halfords Group Performance: Halfords Group shares surged over 13% after reporting first-half profits of £21 million, exceeding expectations despite slightly lower sales of £865 million. The company improved its gross margin and declared an interim dividend of 3.0p per share.
Future Outlook: Analysts predict continued market challenges in tyres and cycling but see potential recovery in the motoring sector. Halfords remains cautious about consumer behavior while aiming to meet its full-year profit target of £28.5 million amidst rising costs and investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
