REG-Halfords Group PLC Halfords Group PLC: Trading update for the financial year to 3 April 2026 (“FY26”)

HalfordsAnnouncement

Today 07:02

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   Halfords Group PLC (HFD)
   Halfords Group PLC: Trading update for the financial year to 3 April 2026
   (“FY26”)

   29-Apr-2026 / 07:01 GMT/BST

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   29 April 2026

                               Halfords Group plc

         Trading update for the financial year to 3 April 2026 (“FY26”)

                                        

        Strong trading with FY26 profit expected around the upper end of
                                  expectations

   Halfords Group plc (“Halfords” or “the Group”), the UK’s leading  provider
   of motoring and  cycling products and  services, is pleased  to provide  a
   strong trading update ahead of its FY26 results 1  1 .

   FY26 performance

     • Group like-for-like (“LfL”) sales grew  by 4.8% with Retail LfL  sales
       up 4.1% and Autocentres (ex-Avayler)  LfL sales up 5.8% 2  2 .  Within
       Retail, Motoring LfL sales grew by 2.9% and Cycling LfL sales grew  by
       6.4%.
     • FY26 underlying profit before  tax (“PBT”) expected  to be around  the
       upper end of the  consensus range of  £36.0 to £41.2m  as a result  of
       further gross margin expansion and well managed costs.
     • The Group continues to be cash generative and our balance sheet closed
       the period in a net cash position.

   Outlook

     • While the conflict in the Middle East is contributing to an  uncertain
       macroeconomic backdrop, trading  in March and  April has been  in-line
       with expectations.
     • The majority of FY27 energy costs and FX requirements are hedged  with
       freight rates largely contracted in advance, supporting visibility and
       mitigating near-term volatility.
     • As a result, we are currently comfortable with consensus  expectations
       for FY27 underlying PBT of £42.0m to £48.6m.

   Our  next  update  will  be  our  FY26  preliminary  results  announcement
   scheduled for 25 June 2026.

   Henry Birch, Chief Executive, said:

   “I am pleased to see the positive results that are starting to materialise
   from the ‘optimise’ phase of our ‘Fit for the Future’ strategy as we focus
   on driving operational excellence and strengthening our foundations for
   future growth. This momentum further underlines the significant potential
   that exists within the Halfords business, and I look forward to sharing
   more detail on our progress at our full-year results announcement in June.

   In the meantime, I want to thank the 12,500 trusted experts in our stores
   and garages who have played a critical role in delivering this
   performance. They are the heart of this business and will continue to make
   Halfords the nation’s first choice for motoring and cycling, providing our
   customers with the helpful advice and service that keeps them moving day
   after day.”

   For further information:

   Investors

   Holly Cassell, Director of Investor Relations & Corporate Affairs         
    3 investor.relations@halfords.co.uk

   Media

   Jonathan Sibun / Will Palfreyman, Teneo       4 halfords@teneo.com

   Notes to Editors                   

   Halfords is the UK’s leading provider of motoring and cycling services and
   products. We  operate via  370 Halfords  stores, two  Performance  Cycling
   stores (trading  as Tredz),  496  consumer garages  and  a network  of  92
   commercial fleet locations nationwide. Customers also have access to c.250
   mobile service vans (trading as  Halfords Mobile Expert and National)  and
   c.550 commercial vans. Customers can shop at halfords.com and  tredz.co.uk
   for pick up  at their  local store  or direct  home delivery,  as well  as
   booking garage  services online  at halfords.com.  Through its  subsidiary
   Avayler, Halfords  also sells  the Group’s  bespoke, internally  developed
   software as a SaaS solution to clients in the USA and Australia.

    5 www.halfords.com                              6 www.avayler.com        
     7 www.tredz.co.uk        8 www.halfordscompany.com

   Cautionary statement

   This report contains  certain forward-looking statements  with respect  to
   the financial condition, results of operations, and businesses of Halfords
   Group plc. These  statements and forecasts  involve risk, uncertainty  and
   assumptions because they  relate to events  and depend upon  circumstances
   that will occur in the  future. There are a  number of factors that  could
   cause actual  results  or developments  to  differ materially  from  those
   expressed  or   implied  by   these  forward-looking   statements.   These
   forward-looking  statements  are  made  only  as  at  the  date  of   this
   announcement. Nothing in this announcement should be construed as a profit
   forecast. Except as required by law, Halfords Group plc has no  obligation
   to update the  forward-looking statements or  to correct any  inaccuracies
   therein.

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    9  1  FY26 is a 53-week period and will be reported as such, with 52-week
   equivalents given where appropriate. All numbers in this trading update
   are stated on a 52-week basis.

    10  2  The Group has two reporting segments: Autocentres (c.40% of Group
   revenue) and Retail (c.60%, across Motoring and Cycling). Motoring across
   both segments represents c.80% of total sales.

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   Dissemination of a Regulatory Announcement, transmitted by  11 EQS Group.
   The issuer is solely responsible for the content of this announcement.

   View original content:  12 EQS News

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   ISIN:          GB00B012TP20
   Category Code: TST
   TIDM:          HFD
   LEI Code:      54930086FKBWWJIOBI79
   Sequence No.:  425510
   EQS News ID:   2317104


    
   End of Announcement EQS News Service

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