Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Halfords Group plc    HFD   GB00B012TP20

HALFORDS GROUP PLC (HFD)
Mes dernières consult.
Most popular
Report
Delayed Quote. Delayed  - 01/23 02:35:37 pm
354.2 GBp   +0.80%
01/19 HALFORDS : sales hit festive high
01/15HALFORDS GROUP : quaterly sales release
2017 AFH FINANCIAL : buys canal pub
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Halfords profit falls as weaker pound lifts costs

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/09/2017 | 10:31am CET

British bicycles to car parts retailer Halfords Group (>> Halfords Group plc) on Thursday reported a smaller than expected half-year profit, hurt by higher costs resulting from a weaker pound.

British bicycles to car parts retailer Halfords Group (>> Halfords Group plc) on Thursday reported a smaller than expected half-year profit, hurt by higher costs resulting from a weaker pound.

Weakness in the currency since Britain's vote to leave the European Union has raised Halfords' sourcing costs, prompting it to implement a plan to reduce the impact, including working with suppliers and raising prices.

Sterling's depreciation resulted in a rise of 15 million pounds to Halfords' cost of sales in first half, which the company said was in line with its forecast of a total of 25 million pounds for the full year.

"Our plans to mitigate the forex impact are on track and working well. At current exchange rates this impact will reduce significantly going forward," Chief Financial Officer Jonny Mason said on a post-earnings call.

Underlying pretax profit fell by 9.8 percent to 36.8 million pounds in the 26 weeks to Sept. 29, slightly missing analysts' average estimate of 37.4 million pounds, on revenue up 3.8 percent at 588.7 million pounds.

The retail gross margin dropped by 182 basis points to 45.7 percent, the company said in a statement.

Shares in Halfords were down 5.6 percent at 315 pence 0921 GMT, though Investec Securities analysts said the worst of the forex headwinds are now behind the company.

Halfords, undergoing a leadership transition after former CEO Jill McDonald moved to Marks & Spencer (>> Marks & Spencer Group), stuck to its guidance for the full year, which will include the crucial Black Friday and Christmas holiday season sales.

The retailer has appointed Dixons Carphone (>> Dixons Carphone) executive Graham Stapleton as its new CEO from January, with Mason filling the post on an interim basis.

Haldfords said it would pay a 3 percent higher interim dividend of 6 pence per share.

(Reporting by Ismail Shakil in Bengaluru; Editing by David Goodman)

Stocks treated in this article : Dixons Carphone, Marks & Spencer Group, Halfords Group plc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HALFORDS GROUP PLC
01/19 HALFORDS : sales hit festive high
01/18 MORTGAGE ADVICE BUREAU : Countrywide profit warning; stamp duty cut fails to hel..
01/15HALFORDS GROUP PLC : quaterly sales release
01/06 HALFORDS : Grassley Calls For Corrective Action On Abuses In Herpes Vaccine Rese..
2017 AFH FINANCIAL : buys canal pub
2017 AFH FINANCIAL : buys canal pub
2017 HALFORDS GROUP PLC : ex-dividend day for interim dividend
2017 HALFORDS : Southern Illinois University Got Tipoff About Rogue Herpes-Vaccine Tr..
2017 HALFORDS : University Was Tipped Off To Possible Unauthorized Trials Of Herpes V..
2017 HALFORDS : takes a hit from costs of sterling Brexit fall
More news
News from SeekingAlpha
2017 Halfords PLC Has A 5% Dividend Yield But Its Go-Faster Stripes Have Fallen Of..
2016 Halfords Group Plc ADR 2017 Q2 - Results - Earnings Call Slides
Financials ( GBP)
Sales 2018 1 133 M
EBIT 2018 75,7 M
Net income 2018 58,9 M
Debt 2018 64,7 M
Yield 2018 5,17%
P/E ratio 2018 11,86
P/E ratio 2019 11,44
EV / Sales 2018 0,67x
EV / Sales 2019 0,64x
Capitalization 700 M
Chart HALFORDS GROUP PLC
Duration : Period :
Halfords Group plc Technical Analysis Chart | HFD | GB00B012TP20 | 4-Traders
Technical analysis trends HALFORDS GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 3,55  GBP
Spread / Average Target 1,2%
EPS Revisions
Managers
NameTitle
Graham Stapleton Chief Executive Officer
Dennis Henry Millard Chairman
Jonathan P. Mason Chief Financial Officer & Director
Claudia I. Arney Independent Non-Executive Director
David Alexander Robertson Adams Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
HALFORDS GROUP PLC-0.40%978
AUTOZONE11.59%21 573
ZHONGSHENG GROUP HOLDINGS LIMITED16.27%5 991
AUTONATION, INC.14.81%5 478
GT CAPITAL HOLDINGS INC--.--%5 249
PENSKE AUTOMOTIVE GROUP, INC.11.10%4 614