Halfords Group plc (HLFDF) Q4 2026 Earnings Call

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WEBVTT 00:00:00.051 -- 00:00:05.295 Welcome to the Halford Group results for the 53 weeks 00:00:05.295 -- 00:00:08.638 ending the 3rd of April 2026. 00:00:08.638 -- 00:00:13.982 I'm Henry Birch, the Chief Executive of Halfords and joining me today is Jo Hartley, 00:00:13.982 -- 00:00:17.283 our Chief Financial Officer. 00:00:17.344 -- 00:00:22.849 In terms of today's presentation, I wanted to start with some initial reflections 00:00:22.849 -- 00:00:27.921 on the year. We'll then take you through progress on our strategy and 00:00:27.921 -- 00:00:32.723 Joe will take you through the detail of our financial results, I'll then give you an 00:00:32.723 -- 00:00:37.386 overview of current trading and our outlook, and we'll close today's session with the 00:00:37.386 -- 00:00:40.526 opportunity for Q&A. 00:00:41.168 -- 00:00:46.230 So starting with some reflections on FY26, I'm really pleased to 00:00:46.230 -- 00:00:50.753 be announcing a very strong set of results. 00:00:50.753 -- 00:00:56.094 We've delivered strong like-for-like sales growth at 4.8%, 00:00:56.248 -- 00:01:01.813 We've grown our gross margin rate to its highest level in a decade 00:01:01.813 -- 00:01:04.013 at 52.8%. 00:01:04.655 -- 00:01:09.680 Our underlying PBT performance is at the top end of consensus 00:01:09.680 -- 00:01:14.684 forecasts and we've delivered another impressive cash flow 00:01:14.684 -- 00:01:19.748 performance with strong free cash flow, net cash on our balance 00:01:19.748 -- 00:01:23.957 sheet and an increase in our dividend. 00:01:23.957 -- 00:01:29.842 We've also seen the momentum of FY26 carry over into the current year 00:01:29.842 -- 00:01:35.266 with strong trading in April, May and June resulting in us guiding 00:01:35.266 -- 00:01:38.969 to the top end of analyst consens...