LONDON, Oct 1 (Reuters) - British retailer Halfords
raised its first half profit outlook as it continued to benefit
from a cycling boom during the coronavirus pandemic.
The group, which sells motoring and cycling products and
services, said on Thursday first half pretax profit was now
expected to be over 55 million pounds ($71.2 million), up from
the 35-40 million pounds previously guided.
It said cycling product sales were up 46% year-on-year in
the five weeks to Sept. 25, driving group like-for-like sales
growth of 22%.
($1 = 0.7725 pounds)
(Reporting by James Davey; Editing by Toby Chopra)