Interim Management Statement out today - http://www.stockopedia.co.uk/news/announcement/HFD/090729hfd000697.htm
- Group sales in the quarter increased by 3.1% compared to the 13-week period to 27 June 2008 with like-for-like sales growth of 1.3%.
- Adjusting for the impact of Easter, sales increased by 1.9% representing like-for-like sales growth of 0.1%.
- Demand for cycles and car maintenance products were offset by a fall in sales of car enhancement products and weak trading in central Europe.
- David Wild, Chief Executive Officer, commented: "This performance represents a solid start to the year and at this early stage is ahead of our internal plan. The trading of our core categories of Car Maintenance and Cycling, where we continue to grow market share, together with a good start to the season in Camping, is pleasing. As demonstrated by the continued accretion of gross margin and ongoing cost management we remain in control of the direction of the business. We remain cautious about the impact of the macro economic environment, particularly in the second half of the year and in our overseas territories where sales remain challenging. Nevertheless, we are confident that Halfords will both continue to consolidate share and is well positioned to deliver earnings growth for the year."
Disclaimer:
As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.
Halfords Group plc is a holding company. The principal activities of the Company are retailing of automotive, leisure and cycling products, and car servicing and repair. It operates in two segments: Halfords Retail (Retail) and Halfords Autocentres (Autocentres). It products and services include Friend of the Motorist, Best Cycle Shop in Town and Starting Point for Great Getaways. Retail sells up to 16,000 different product lines with ranges in car parts, in-car technology, child seats, cycling, roof boxes, outdoor leisure and camping equipment. As of March 30, 2012, Retail traded from 467 retail stores, which included 402 superstores, 34 compact stores and 31 metro compact stores, and online through the halfords.com and halfords.ie Websites. Autocentres is the car servicing and repair operator offering maintenance, service and repair services. As of March 30, 2012, Autocentres traded from 260 car servicing centres and online through the www.halfordsautocentres.com Website. more »
1 Post on this Thread show/hide all
Detailed HFD end-of-year trading update out today: http://www.investegate.co.uk/Article.aspx?id=201204050700198756A
Check out the S'pedia screener on HFD. Metrics look good to me. Passes 5 screens. Near 7% divvy. What's not to like on a medium/long-term view?
Cheers,
Mark