In our opinion there are 3 key areas to focus on today; 1) underlying trading momentum (LFLs), which looks very solid and well-balanced between Cycling & Motoring, 2) pricing/competition (margin), where increases have successfully been passed on at a lower level than the market thereby increasing Halfords’ competitiveness, and 3) FX mitigation strategy (and the outlook for consensus upgrades), where guidance of full mitigation is reiterated, now with the benefit of several more months trading an ....
09 Nov 2017
N+1 Singer - Halfords Group - Positive underlying performance + FX/margin recovery confidence
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N+1 Singer - Halfords Group - Positive underlying performance + FX/margin recovery confidence
Halfords Group Plc (HFD:LON) | 155 3.1 1.3% | Mkt Cap: 339.3m
- Published:
09 Nov 2017 -
Author:
Matthew McEachran -
Pages:
4
In our opinion there are 3 key areas to focus on today; 1) underlying trading momentum (LFLs), which looks very solid and well-balanced between Cycling & Motoring, 2) pricing/competition (margin), where increases have successfully been passed on at a lower level than the market thereby increasing Halfords’ competitiveness, and 3) FX mitigation strategy (and the outlook for consensus upgrades), where guidance of full mitigation is reiterated, now with the benefit of several more months trading an ....