Business
Q3 Trading Update: Financial Year 2021
Q3 Trading Update: Financial Year 2021.
About this update from Halfords Group Plc
[{"type":"text","content":"\n \n\n\nHalfords Group PLC (HFD)\n\n\n\nQ3 Trading Update: Financial Year 202114-Jan-2021 / 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\n \n\n14 January 2021\n\nHalfords Group plc\n\nQ3 Trading Update: Financial Year 2021\n\nStrong LFL momentum continued in a challenging operating environment. \n\nAutocentres LFL revenue up 21.1%, with strong performances from key areas of strategic importance (online, services, B2B) \n\nHalfords Group plc (\"Halfords\" or the \"Group\"), the UK's leading provider of Motoring and Cycling products and services, today announces its Q3 trading update for the 13 weeks to 1 January 2021 (\"the period\"). \n\nKey financials\n\n\n \n \n \n Q3 \n\n (13 weeks)\n\n % change\n \n \n Year-to-date\n\n (39 weeks)\n\n % change\n \n \n TOTAL REVENUE\n \n \n \n \n \n \n \n \n Halfords Group\n \n \n +11.5%\n \n \n +10.0%\n \n \n Retail\n \n \n +7.7%\n \n \n +5.5%\n \n \n Autocentres\n \n \n +30.5%\n \n \n +35.6%\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 +11.7%\n \n \n +9.0%\n \n \n Retail\n \n \n +9.8%\n \n \n +9.4%\n \n \n Motoring\n \n \n -8.4%\n \n \n -18.2%\n \n \n Cycling\n \n \n +35.4%\n \n \n +49.1%\n \n \n Autocentres\n \n \n +21.1%\n \n \n +6.6%\n \n \n\nKey highlights\n\nStrong trading performance across the quarter with Group LFL sales growth of +11.7%, comprising Retail LFL +9.8% and Autocentres LFL +21.1%. \n Autocentres sales up +30.5%, reflecting a significant increase in market share, driven by our best-in-class digital operating model, our first group-wide motoring campaign and expansion of our unique Halfords Mobile Expert vans proposition. \n In Retail;\n Cycling LFL growth of +35.4% driven by continued strength in Adult Mechanical, e-bikes and e-scooters, despite global container shortages and port congestion impacting availability. \n Motoring LFL sales down -8.4%, a pleasing performance relative to UK traffic volumes being approximately -25% lower than pre-pandemic levels as a resul...