Weaker than previously expected sales in the main Retail business (c85% of Group sales) have resulted in current year profit guidance of “broadly unchanged” being reduced by the company to a range of £50-55m (2018/19 £58m). As the market consensus had moved down to £55m this is effectively a 5% reduction to market consensus which should be seen as positive in our view given market fears.
04 Sep 2019
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Halfords Group Plc (HFD:LON) | 155 3.1 1.3% | Mkt Cap: 339.3m
- Published:
04 Sep 2019 -
Author:
Tony Shiret -
Pages:
3
Weaker than previously expected sales in the main Retail business (c85% of Group sales) have resulted in current year profit guidance of “broadly unchanged” being reduced by the company to a range of £50-55m (2018/19 £58m). As the market consensus had moved down to £55m this is effectively a 5% reduction to market consensus which should be seen as positive in our view given market fears.