15th Jul 2015 07:00
LONDON (Alliance News) - Halfords Group PLC Wednesday reported a rise in revenue in the first quarter of its financial year, driven by a strong performance in its cycling and car maintenance divisions.
The car parts and bicycle retailer said that total revenue grew 3.6% in the 13 weeks to July 3, with retail sales up 3.4% and autocentres up 5.0%. On a like-for-like basis, total sales grew 3.5%, with retail like-for-likes up 3.5% and autocentres up 4.0%.
"Our Retail business continues to deliver a broad-based top-line performance, against two previous years of strong like-for-like growth. Cycling continues to grow; the highlights in the quarter being Premium Bikes and Cycle Repair, with sales up 8% and 24% respectively. Car Maintenance sales were robust with Parts and Workshop up 7% and 10% respectively and Travel Solutions sales were up 9%, with the combination of compelling offers and knowledgeable colleagues boosting sales of roof boxes, cycle carriers, tents and child safety seats. Autocentres' sales momentum was maintained, with LfL of 4%," Chief Executive Jill McDonald said in a statement.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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