Halfords Share Price (HFD)

I don't see Halfords as a 'retailer' anymore. Their main business are now motoring services (Autocentres) and as long as they are grabbing market share and maintain a good margin I think this is still a growing company.

If you strip out current inflation levels of 5% then sales are flat. It would have been helpful if they had indicated where they sit re. labour supply. Not an bad update and I assume share price will follow the market. Other retailers have had much better results.

Cycling was definitely the eye opener there, supply chain issues held them back past 2 years pretty much.. Overall not a terrible update, had been a bit worried of a poor update in advance of the update. Hopefully better availability in coming year, hope they are on the case

Outlook

We continue to target a full-year underlying profit before tax on a post-IFRS 16 basis of £80m to £90m. The Omicron impact seen in December shows that the challenges associated with COVID-19 are still present. Our guidance assumes that the impacts of Omicron continue to diminish, and that we do not experience further variants of similar severity.

I'm expecting news of a very good Christmas, so I'm hanging on a bit longer