Halfords FY24 results, announced yesterday, were broadly in line with our revised estimates from 29 February (on a total Group basis). There are plenty of positives to take from the results, including market share gains in all four sales categories, cost savings £5m ahead of target, and net debt (ex. leases) of £8.2m being £7.5m better than Zeus forecast.

28 Jun 2024
Halfords (HFD LN) - Pedalling hard against headwinds

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Halfords (HFD LN) - Pedalling hard against headwinds
Halfords Group Plc (HFD:LON) | 166 0 0.0% | Mkt Cap: 363.0m
- Published:
28 Jun 2024 -
Author:
Carl Smith, CFA -
Pages:
14 -
Halfords FY24 results, announced yesterday, were broadly in line with our revised estimates from 29 February (on a total Group basis). There are plenty of positives to take from the results, including market share gains in all four sales categories, cost savings £5m ahead of target, and net debt (ex. leases) of £8.2m being £7.5m better than Zeus forecast.