Halfords revenues continue to increase

Despite less demand, Halfords has posted a 13.9% rise in two-year revenue growth.

Over the past two years, revenues have soared by 90% as cycling became popular over the pandemic.

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Over the first half of the third quarter, sales were strong but were impacted by Omicron.

“These results demonstrate the strength of our motoring services offer, and the outstanding performance from our autocentres business confirms the rationale behind our recent acquisitions,” said chief executive Graham Stapleton.

Profit outlook remains the same, which is £80m to £90m in full-year profits.

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