Halfords (GB:HFD) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Halfords Group PLC has reported a sturdy 7.9% revenue growth and an underlying profit before tax of £36.1 million for FY24, despite a challenging environment marked by declines in Consumer Tyres and Cycling markets. The company’s Services business has become a key revenue driver, now accounting for more than half of total earnings. Although facing external pressures like cost inflation and reduced consumer spending on big-ticket items, Halfords remains optimistic about gaining market share and achieving long-term financial targets.
For further insights into GB:HFD stock, check out TipRanks’ Stock Analysis page.
