RE: Great RNS results6 May 2020 12:59
Halfords Shares Up Nearly 20% On Better-Than-Expected Lockdown Sales
Wed, 6th May 2020 11:52
(Alliance News) - Halfords Group PLC said Wednesday its stores have remained open during the national lockdown in the UK, and it has seen better-than-expected sales.
Shares in the motoring and cycling product retailer were 19% higher in London in mid-morning trade at 137.00 pence.
For the year the ended March 29, Halfords expects to report adjusted pretax profit at the upper end of its guided range of between GBP50 million and GBP55 million.
"As a provider of essential products and services to the UK public, we have remained open during the lockdown period. We currently have 325 retail stores open on a dark-store basis, where serving customers from the front of the store ensures our colleagues can operate in safe working conditions. We also have 346 garages open and 77 mobile vans operating," Halfords said.