Halfords shares edge higher after in-line H1 trading update By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 22 2024
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Source: Investing.com
Halfords Group Performance: Halfords Group Plc reported a slight decline in like-for-like sales of 0.1% year-over-year, with better-than-expected performance in its Motoring Services and Products division, while facing challenges in the cycling and tyres markets due to softer consumer demand.
Future Outlook and Initiatives: The company is focusing on cost-saving initiatives through its Fusion efficiency program, aiming for £30 million in savings for FY25, and sees potential growth in the electric vehicle servicing market despite current market conditions.
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.
