Business
Q1 Trading Statement
Q1 Trading Statement.
About this update from Halfords Group Plc
[{"type":"text","content":"\n \nRNS Number : 1280E Halfords Group PLC 14 July 2016 \n\n \nHalfords Group plc\nQ1 Trading Statement\n \nHalfords Group plc (\"the Group\"), the UK's leading retailer of motoring, cycling and leisure products and services and a leading independent operator in garage servicing and auto repair, today updates the market on its trading performance for the 13-week period to 1 July 2016: \n \n \n\n\n\n\n\n\n\n \nQ1\n(13 weeks)\n% change\n\n\n\n\nTOTAL REVENUE\n\n\n\n\n\n\n\nHalfords Group\n\n\n+2.1\n\n\n\n\nRetail\n\n\n+1.5\n\n\n\n\nAutocentres\n\n\n+5.9\n\n\n\n\n\n\n\n\n\n\n\n\nLIKE-for-LIKE (LFL) REVENUE\n\n\n\n\n\n\n\nHalfords Group\n\n\n-0.6\n\n\n\n\nRetail\n\n\n-1.2\n\n\n\n\nMotoring\n\n\n+0.6\n\n\n\n\nCar Maintenance\n\n\n+2.3\n\n\n\n\nCar Enhancement\n\n\n-4.2\n\n\n\n\nTravel Solutions\n\n\n+4.4\n\n\n\n\nCycling\n\n\n-4.0\n\n\n\n\nAutocentres\n\n\n+3.1\n\n\n\n\n \nKey points\n· Group revenue +2.1%, with Retail +1.5% and Autocentres +5.9%\n· Adjusting for the timing of Easter, LFL revenue was Group 0.0%, Retail -0.2% and Autocentres +1.7%\n· A robust Motoring performance, with Car Maintenance growth led by bulbs, blades, batteries and new product and service offerings\n· Car Enhancement was impacted by a further decline in sat nav sales, partially offset by strong dash cam sales\n· Strong performance in Travel Solutions led by double digit growth in child safety seats\n· Good sales growth of premium bikes, although Cycling sales overall were impacted by both the timing of Easter and poor weather in April and late June affecting the timing of mainstream bike and PACs purchases\n· Tredz performing well since acquisition\n· Service-related sales grew by 15%, with growth across all services including 3B fitting and cycle repair\n· 11th consecutive quarter of Autocentres LFL growth, aided by sales of tyres and enhanced opening hours, growth in online sales and improved customer satisfaction\n· We will report on the 20 weeks to 19 August on 6 September after summer peak\n \nFinancial outlook\nIn J...