Business
FY20 40-week trading update
FY20 40-week trading update.
About this update from Halfords Group Plc
[{"type":"text","content":"\n \n\n\nHalfords Group PLC (HFD)\n\n\n\nHalfords Group PLC: FY20 40-week trading update16-Jan-2020 / 07:00 GMT/BSTDissemination of a Regulatory Announcement, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.\n\n\n16 January 2020\n\n \n\nHalfords Group plc\n\nFY20 Q3 Trading Update\n\n \n\nHalfords Group plc, the UK's leading provider of motoring and cycling products and services, today updates the market on its trading performance for the 14-week period to 3 January 2020 (\"the period\").\n\n \n\n\n\n  \n \n \n  \n\n Q3\n\n (14 weeks)\n\n % change\n \n \n Year-to-date\n\n (40 weeks)\n\n % change\n \n \n TOTAL REVENUE\n \n \n  \n \n \n  \n \n \n Halfords Group\n \n \n +4.6%\n \n \n -0.2%\n \n \n Retail\n \n \n +0.6%\n \n \n -2.2%\n \n \n              Autocentres\n \n \n +31.2%\n \n \n +12.9%\n \n \n  \n \n \n  \n \n \n  \n \n \n LIKE-for-LIKE (\"LFL\") REVENUE\n \n \n  \n \n \n  \n \n \n Halfords Group\n \n \n +1.3%\n \n \n -1.2%\n \n \n               Retail\n \n \n +0.8%\n \n \n -1.8% \n \n \n               Motoring\n \n \n -2.7%\n \n \n -4.5% \n \n \n               Cycling\n \n \n +5.9%\n \n \n +2.1%\n \n \n Autocentres\n \n \n +4.6%\n \n \n +2.9%\n \n \n\n \n\nA solid sales performance in the period, with positive LFL growth in both Retail and Autocentres, alongside continued gross margin growth and tight cost control; reaffirming full year profit guidance of £50-55m. \n\n \n\nGroup revenue was up +4.6% and +1.3% LFL in the period on the back of a strong Cycling performance and continued growth in Autocentres and B2B. \n Retail Cycling sales were up +5.9% LFL in the period, with growth broadly based across the bike categories. Our work to optimise the cycling space in our retail stores together with a more innovative and differentiated range has created a better shopping experience for our customers during the peak holiday period. This in turn has delivered stron...