|Bid||0.00 x 17200|
|Ask||0.00 x 248900|
|Day's range||341.80 - 353.26|
|52-week range||305.40 - 380.50|
|PE ratio (TTM)||12.58|
|Earnings date||22 May 2018|
|Forward dividend & yield||0.12 (3.35%)|
|1y target est||357.77|
A sharp slowdown in U.K. new car sales has left dealership stocks reeling in recent weeks as hard-pressed Britons hold onto their old cars for longer.
Weakness in the currency since Britain's vote to leave the European Union has raised Halfords' sourcing costs, prompting it to implement a plan to reduce the impact, including working with suppliers and raising prices. Sterling's depreciation resulted in a rise of 15 million pounds to Halfords' cost of sales in first half, which the company said was in line with its forecast of a total of 25 million pounds for the full year. At current exchange rates this impact will reduce significantly going forward," Chief Financial Officer Jonny Mason said on a post-earnings call.
British bicycles to car parts retailer Halfords Group (Frankfurt: A0B5TU - news) on Thursday reported a smaller than expected half-year profit, hurt by higher costs resulting from a weaker pound. Weakness in the currency since Britain's vote to leave the European Union has raised Halfords' sourcing costs, prompting it to implement a plan to reduce the impact, including working with suppliers and raising prices. Sterling's depreciation resulted in a rise of 15 million pounds ($19.7 million) to Halfords' cost of sales in first half, which the company said was in line with its forecast of a total of 25 million pounds for the full year.
For the 26 weeks to Sept. 29 its underlying pretax profit fell 9.8 percent to 36.8 million pounds versus a forecast of 37.4 million pounds from analysts. Halfords said cost of sales rose 15 million pounds as a result of a pound. A weaker pound since the Brexit vote has raised Halfords' sourcing costs.
Britain's top share index inched up on Wednesday supported by gains among heavyweight consumer and commodity stocks, while housebuilders were dragged lower by a disappointing update from Persimmon. The ...
The UK's top share index steadied on Wednesday as earnings were a source of weakness for Persimmon and Marks & Spencer, though gains in heavyweight consumer goods firms supported the index. Britain's blue ...
Jill McDonald picks up something of a poisoned chalice when she starts as boss of clothing at Marks & Spencer (Frankfurt: 534418 - news) on Monday, with little room to manoeuvre as she tackles one of the biggest jobs in British retailing on her first foray into fashion. McDonald's retail credentials are strong, but they were earned as CEO of bicycles to car parts company Halfords and she will have to work within a blueprint set out by her new boss as she looks to deliver the sustained sales and profit growth that has eluded M&S for a decade in competition with a burgeoning fast-fashion market. To compound matters, Rowe and predecessor Marc Bolland have already used sourcing directors Mark and Neal Lindsey to boost profit margins by changing the way M&S buys and makes clothes, taking away any easy gains for a new boss.
Halfords is to replace its departing chief executive Jill McDonald with the boss of Dixons Carphone (Frankfurt: CWB.F - news) 's software business. Honeybee CEO Graham Stapleton will begin work in mid-January, Halfords said. The cycle-to-auto parts retailer was told in May that Ms McDonald was leaving to lead a new recovery effort in the struggling fashion and homewares division of Marks and Spencer.
British bicycles to car parts retailer Halfords on Wednesday named Dixons Carphone executive Graham Stapleton as its new chief executive with effect from January next year. Stapleton will succeed Jill ...
Britain's top share index slipped on Tuesday as financials fell amid lingering jitters over the North Korean crisis. While investors were in no mood for a sell-off, caution was still very much present. ...
It has become a regular feature during the 15 months since the UK voted to leave the EU – a company, publishing their full or half year results, complains the subsequent drop in the pound has hit profits by pushing up their costs or eating into the disposable incomes of their customers. Its trading update on Tuesday, which also marks the swansong for outgoing chief executive Jill McDonald, indirectly credits the drop in the pound for encouraging people to take "staycations" at home this summer.
British bicycles and car part retailer Halfords maintained its full year profit guidance on Tuesday after summer sales were boosted by more Britons opting to holiday at home due to the weaker pound. The firm reported retail like-for-like sales growth of 3.5 percent in the 20 weeks to August 18, with a strong performance in camping, roof boxes and cycle carriers complementing growth in service-related sales. Total (LSE: 524773.L - news) group sales growth was 4.8 percent, indicating the firm has so far shrugged off a squeeze on consumer spending.
British bicycles and car part retailer Halfords maintained its full year profit guidance on Tuesday as it reported retail like-for-like sales growth of 3.5 percent in the 20 weeks to August 18. Halfords ...
The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, ...
A surprise dip in underlying food sales knocked shares in Marks & Spencer (Frankfurt: 534418 - news) on Tuesday, though the British retailer said its recovery remained on track thanks to a second consecutive quarterly increase in full-price clothing sales. Chief Executive Steve Rowe, a 27-year company veteran who took over in April 2016, said his strategy of reducing prices for entry-level clothing ranges, cutting back on clearance sales and promotions, and improving fit, availability and service was working. In clothing and homeware, M&S's full-price sales - a key guide to profitability - rose 7 percent in the 13 weeks to July 1, its fiscal first quarter, reflecting 27 fewer promotions in the quarter versus a year earlier and no clearance sale.
** Marks & Spencer falls 2.3 pct after reporting falling food and clothing sales, despite the company insisting a turnaround was "on track" ** Q1 clothing LfL down 1.2 pct versus a fall of around ...
British bicycles to car parts retailer Halfords is seeing early signs of a boost to its business from more Britons opting to holiday in the UK rather than overseas due to the weaker pound, its boss said on Thursday. Halfords said its like-for-like retail sales rose 3.9 percent in the 15 weeks to April 28. "We did see a real pick-up in some staycation related items, such as roof boxes and cycle carriers," Chief Executive Jill McDonald told reporters.