Join our community of smart investors

Halfords takes foot off the pedal

The mobility retailer expects lower profits next year as consumer sentiment turns negative
June 16, 2022
  • Autocentres almost doubled sales in past two years
  • Sales of electric vehicles up, but market under pressure from government subsidy cut

A weakening consumer outlook for bikes and cars hammered shares in Halfords (HFD), which dropped by 21 per cent after the retailer forecast a fall in profits next year. 

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in