The Motoring and Cycling Retailer, HALFORDS, has provided a detailed update on its financial performance for the previous fiscal year. The company reported strong-than-expected profits, driven by cost-saving measures and smart pricing strategies. While the pre-tax profits for the year rose by 6.4% to £38.4 million, this growth outpaced the analysts’ prior forecast of £32 million to £37 million. Meanwhile, the company faced £33 million in extra costs due to inflation and rising wages, but these costs were offset by £35 million in cost-cutting measures, resulting in a positive impact on profitability.
The success of the previous year was largely attributed to Henry Birch, the new CEO, who gave the firm带来的“menage à parts” (local network choice) service as evidence of progress in the growth strategy. Halfords emphasized that its profitability has improved with initiatives such as better buying operations and higher pricing. Despite these efforts, the business’s overall performance remained consistent with solid economic fundamentals.
The firm’s focus on autocentres, a new service that allows customers to determine their best local network in real time, was particularly notable. This innovation was met with overwhelmingly positive feedback, with 100% of customers citing it as an improvement in their experience. The service is expected to grow in popularity, given its ability to simplify purchasing decisions locally.
For the financial year to date, Halfords reported total revenues rose 0.1% to £1.72 billion, reflecting a positive economic trend. However, a moderate rise in average sales between like-for-like periods was observed, with 2.5% growth in similar areas such as motor vehicles and retail sales. The data also highlights the continued将在近期发生的始终币危机中保持其稳健运营。
