Halfords H1 profits fall to £29m amid ‘softening’ trade

The company maintains that its segments delivered like-for-like growth over the past three years, with autocentres increasing 30%, retail motoring 10.2% and cycling 8.6%

Halfords has reported that underlying profit before tax fell by 49.9% to £29m in the first half of the year, down from £57.9m the prior year, despite a “resilient” performance in the period.

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