Halfords cuts profit guidance

first_img whatsapp Share John Dunne whatsapp Halfords cuts profit guidance Show Comments ▼ Halfords reduced its profit guidance for the second time in three months as underlying sales continued to fall in tough markets.The bicycles and car parts firm also announced a share buyback programme of up to £75m.Halfords forecast a year to April 1 pretax profit of between £124m and £127m, with group sales of £869m and gross margins broadly flat.In January Halfords had guided that year profit would be about £127m after sales in the run-up to Christmas failed to meet expectations.Sales at Halfords stores open over a year fell 6.8 per cent in the 13 weeks to 1 April, its fiscal fourth quarter.That compares with a third quarter fall of 6.6 per cent.Like-for-like sales at the firm’s Autocentres car servicing business were down 1.4 per cent, having been up 1.6 per cent in the earlier period.It also flagged a four per cent rise in costs and said delivery of initial profit objectives for Autocentres will be delayed. Thursday 7 April 2011 2:53 am Tags: NULL More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comlast_img read more

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