"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."
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.
Read at London Business News | Londonlovesbusiness.com
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