Halfords reported a 6.4% increase in underlying pre-tax profits to £38.4 million for the year ending March 28, despite facing £33 million in costs due to inflation, partly attributed to increased minimum wage. Total revenues saw a modest increase of 0.1%, reaching £1.72 billion, with a like-for-like growth of 2.5%. CEO Henry Birch expressed optimism regarding the company’s financial performance and strategic plans to address external challenges, positioning the business for potential growth and optimization.
Halfords has posted stronger than expected profits, with underlying pre-tax profits rising by 6.4% to £38.4 million despite external inflationary pressures.
Henry Birch expressed satisfaction with the results, highlighting strong financial performance and a strategic plan to tackle inflation, indicating optimism for future growth.
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