Halfords' revenue remains flat in H1 - Corporate Finance News

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Against ongoing headwinds, we have continued to focus on controlling the controllables, with a disciplined approach to cost and margin optimisation. <br /> <br /> "We are particularly excited by the outstanding results we are seeing from our fusion motoring services programme, which creates a stronger connection between our retail stores and autocentres in a town to fulfil all our customers’ motoring needs. Now live across 22 locations, these motoring services locations are delivering phenomenal returns with a significant uplift in both sales and profit. Given the strength of these results, we are now targeting 40 fusion sites this year."<br /> <br /> Looking ahead, Halfords said it is "comfortable" with its full-year consensus following a "strong performance in H1, despite trading outlook is “uncertain following the recent UK budget". <br /> <br /> However, it did add that the recent measures announced by the Chancellor in the Budget will add approximately £23m of direct labour costs, of which £9m was already mitigated into its 2026 financial year estimates.<br /> <br /> Equity analyst at Hargreaves Lansdown, Aarin Chiekrie, concluded: "Price-conscious customers continued to trade down to budget ranges, and a lack of big-ticket discretionary sales has weighed on performance. Halfords is leaning into cost cuts to help soften the impact on the profit line, with the group halfway towards its £30m savings target. <br /> <br /> "The group’s confident that it can meet the market’s full-year forecasts, which are looking for underlying pre-tax profits of around £29m. With £21m already secured in the first half, this target now looks well within reach, especially as freight costs are expected to be at the lower end of previous guidance."</p> <br> <hr> <div class="sharewrap"> <div class="sharestorytext">Share Story:</div> <div class="jsiconwrap"> <a target="_blank" href="http://x.com/share?text=Halfords' revenue remains flat in H1&url=https://corporatefinancenews.net/Halfords-revenue-remains-flat-in-H1.php"> <i class="fa-brands fa-square-x-twitter" style="color:black;"></i> </a> </div> <div class="jsiconwrap"> <a target="_blank" href="http://www.linkedin.com/shareArticle?url=https://corporatefinancenews.netHalfords-revenue-remains-flat-in-H1.php"> <i class="fa-brands fa-linkedin" style="color:#3371b7;"></i> </a> </div> </div> </div> </div> </article>  <div class="comment-title title-style01"> <h3>Recent Stories</h3> </div>  <div class="article"> <div class="entry-block-small recentstoriesblock"> <div class="entry-image"><a class="img-link" 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Halfords' revenue remains flat in H1 - Corporate Finance News