Halfords Group PLC (LSE:HFD) has more road ahead after Panmure Liberum lifted its target price to 260p from 190p, arguing that the motor and cycle retailer's recent re-rating is backed by improving earnings momentum across the business. The broker kept its Buy rating on the shares, which closed at 217p on 25 June, and raised FY27 pre-tax profit forecasts to £54mln, slightly ahead of the company's upgraded guidance range.
Halfords Group plc (HLFDY) Q4 2026 Earnings Call Transcript
Halfords Group plc (HLFDY) Discusses Strong Financial Results and Strategic Progress in Business Optimization Transcript
Shares in Halfords Group PLC (LSE:HFD) rose 13% to 203.76p after the motoring and cycling retailer reported underlying profit ahead of expectations and its highest gross margin in a decade. Group sales grew 4.8% on a like-for-like basis in the 53-week period to 3 April 2026, with retail up 4.1% and the Autocentres servicing business up 5.8%.
Halfords Group plc (HLFDY) Q2 2026 Earnings Call Transcript
Halfords Group PLC (LSE:HFD) shares fell 2.2% to 140.45p, with investors seeming to be unimpressed as the retailer confirmed a solid set of first-half results, reaffirmed full-year guidance and unveiled a refreshed strategy under new chief executive Henry Birch, focused on improving execution and long-term growth. The company's first-half results – largely pre-released in an update last month – showed like-for-like sales up 4.1% thanks to robust performances in cycling and garages, with underlying pre-tax profit edging up 1% to £21.2 million.
Halfords Group PLC (LSE:HFD) shares pedalled 6.4% higher to 146.17p as it reported improved sales growth from cycling products in its retail business in the first half of its financial year. Group sales were up 4.1% on a like-for-like basis in the 26 weeks to 26 September, with retail LFL sales rising 4.0%, while Autocentres advanced 4.3%.
Analysts at Panmure Liberum have returned from field visits to Halfords Group PLC's (LSE:HFD) Chelmsford sites with renewed confidence that the motoring and cycling retailer is finally making its hybrid model work. They expect a “solid” first-half trading update later this month, helped by buoyant cycling sales, stronger garage economics and an improving margin picture.
Halfords Group PLC (LSE:HFD) has upped its profit expectations for the current year after better sales than expected in its latest quarter, especially in cycling. Christmas gifting of bikes contributed to retail like-for-like sales growth of 13.1% in December, while autocentres also produced a strong performance in the more profitable and strategically important Services, Maintenance and Repair (SMR) market, said the FTSE 250 group.
Halfords Group PLC (LSE:HFD) has warned of price rises on the back of a multi-million-pound surge in costs related to last month's Budget. Higher employer national insurance and minimum wages are set to add around £23 million to costs from next year, the motor retailer said in interim results on Tuesday.
Halfords Group PLC (LSE:HFD) shares rose after the car parts and cycling retailer reported a small fall in sales in the first half of its financial year but better profit margins. The FTSE 250-listed group maintained full-year guidance as it pointed out that the 0.1% decline in like-for-like sales for the half-year to 27 September was in comparison to a strong prior year, when sales grew 8.3%.
Halfords Group PLC (LSE:HFD) shares have slipped 5% in early trading as it revealed a drop in earnings. This morning, it revealed its full-year sales ticked close to 8% higher reaching £1.70 billion, but its profit slipped due to weakness in some of its markets.