Halfords Group plc (HLFDF) Q4 2024 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.049 -- 00:00:03.950 Good morning everyone and welcome to the Halfords Group preliminary results for the 52 00:00:03.950 -- 00:00:07.471 weeks ending the 29th of March 2024. 00:00:07.471 -- 00:00:12.232 I'm Graham Stapleton and joining me today is Joe Hartley, our CFO. 00:00:12.232 -- 00:00:16.373 In terms of the agenda for today's presentation, Joe will start with a review of our 00:00:16.373 -- 00:00:21.455 FY24 financial performance. I will then give you an overview of the business performance 00:00:21.455 -- 00:00:25.096 and the strategic progress we delivered last year. 00:00:25.096 -- 00:00:29.878 I will then cover the outlook for the year ahead and we will close today's session with 00:00:29.878 -- 00:00:33.099 the opportunity for you to ask some questions. 00:00:33.540 -- 00:00:37.102 Before I hand you over to Joe to talk you through our results, I wanted to give you a 00:00:37.102 -- 00:00:41.463 few headlines on our overall performance for FY24. 00:00:42.344 -- 00:00:46.526 There is no doubt that FY24 was another very tough year. 00:00:46.526 -- 00:00:51.248 Business performance was impacted by unexpected continuing declines in the consumer tyres 00:00:51.248 -- 00:00:57.714 and cycling markets, and by softer than expected consumer demand for big ticket purchases. 00:00:57.714 -- 00:01:02.818 At the same time, elevated cost inflation was even higher than we expected. 00:01:02.818 -- 00:01:08.021 Despite that, we delivered strong revenue growth and we made good strategic progress, 00:01:08.021 -- 00:01:12.604 successfully delivering against those areas within our control. 00:01:12.604 -- 00:01:17.308 To pick out just a few of the highlights, we made share gains across all four of our 00:01:17.308 -- 00:01:18.969 core markets. 00:01:18.969 -- 0...