Halfords PLC Sales in the fiscal year ended March 31, 2006 have increased by 8.4% compared with the equivalent period last year, with like-for-like sales growing by 6.1%.
Halfords' strong position in the fast growing in-car technology sector has continued to drive sales in Car Enhancement. In the Leisure category, customers have reacted well to the launch of the new Apollo and Carrera cycle ranges, which has resulted in further growth in market share for the Bikehut brand.
Halfords expects to report pre-tax profits for the year to March 31 2006 at around £77 million ($137.6 mm).
Ian McLeod, Chief Executive, said, “Halfords' focus on driving sales and cash margin has enabled us to continue to trade well against the backdrop of a difficult retail environment. Our store investment plans remain on track, while trading has benefited from a strong core business supported by successful moves into new product areas.”
