21st Jan 2016 07:52
LONDON (Alliance News) - Halfords Group PLC on Thursday reported growth in revenue in the third quarter of its financial year, boosted by a strong performance at its autocentres, a return to like-for-like growth in cycling, and a record day for sales over the Black Friday weekend.
The car parts and bicycle retailer said total group revenue in the 15 weeks to January 15 grew 0.4% year-on-year, as 4.1% growth in autocentres offset a 0.3% decline in retail. In the 41 weeks to the same date, total group revenue rose 1.3% as autocentres increased 4.4% and retail was up 0.8%.
On a like-for-like basis, group sales grew 0.3% in the quarter with autocentres up 1.9% and retail remaining flat, while group like-for-likes in the 41 weeks rose 1.2% with autocentres up 2.8% and retail up 0.9%.
Halfords said there is no change to its pretax profit expectation for the full year, which is expected to be in the range of GBP78 million and GBP82 million.
"We are pleased with the group's performance, given the unprecedented weather conditions. Particularly pleasing was the strong growth in service-related sales and a return to like-for-like growth in cycling. We achieved a record day online over the Black Friday weekend, our highest ever day for total sales on December 23 and further improvements in customer service metrics. In autocentres we achieved a ninth consecutive quarter of like-for-like growth," Chief Executive Jill McDonald said in a statement.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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