UK's Halford shares climb 3% on FY underlying profit beat

Halfords

25/06/2025 09:07

** Halford's shares HFD.L rise 3% to 176.8p

** Bicycle and car products retailer's FY25 underlying pre-tax profit of 38.4 mln pounds ($52.33 mln) beats company consensus of 36.3 mln pounds; early FY26 trading meets expectations

** "Given cost headwinds and the uncertain customer, profit progress in FY25 was a good effort", Peel Hunt analysts noted

** Co forecasts FY26 pre-tax profit to be weighted to H2 as economic uncertainties, shifting consumer habits expected to weigh growth in H1

** CEO Henry Birch warns of employment concerns, geopolitical instability affecting confidence despite rising real incomes

** Expects to mitigate FY26 cost headwinds through pricing, buying synergies, cost opportunities, exiting "sub-scale" sites

** YTD, stock up 33.3%

($1 = 0.7338 pounds)

 (Reporting by Unnamalai L in Bengaluru)

 ((Unnamalai.L@thomsonreuters.com;))