Halfords Group (HFD) H1 2026 TU earnings summary

Executive summary

• Achieved positive like-for-like sales growth of 4.1% in the first half of FY26, with Retail up 4.0% and Autocentres up 4.3%.

• Reported group sales grew by 3.3% year-over-year, with Retail and Autocentres contributing 3.3% and 3.4% growth, respectively.

• Gross margin expanded year-over-year, supported by planned cost savings to offset inflationary pressures.

• Strong cash generation and disciplined stock management further improved the balance sheet from the net cash position at FY25.

Outlook and guidance

• Full year outlook remains unchanged, with comfort in published consensus for underlying PBT of £36.0m to £39.8m in FY26.

• A more detailed group strategy update will be provided with interim results on 27 November.

Segment performance

• Retail segment delivered 4.0% like-for-like sales growth and 3.3% reported sales growth year-over-year.

• Autocentres segment achieved 4.3% like-for-like sales growth and 3.4% reported sales growth year-over-year.

• Motoring represents approximately 80% of total sales across both segments.