Jan 10, 2019

Halfords: cycle lame

Profits for the year to March will dip below expectations. More important, the dividend in the year after is at risk. Halfords said purchases of discretionary items, such as bikes and audio equipment, fell despite price reductions. Halfords, peering through its windscreen, sees little improvement in sentiment, forecasting flat profits for the following financial year. Operating profit margins to March will decline for a fourth consecutive year.

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