Halfords Group (HFD) Q4 2026 TU earnings summary

Executive summary

• FY26 like-for-like sales grew 4.8%, with Retail up 4.1% and Autocentres up 5.8%.

• Underlying profit before tax expected at the upper end of £36.0–£41.2m consensus range.

• Balance sheet closed in a net cash position, reflecting strong cash generation.

Financial highlights

• Motoring LfL sales increased 2.9% and Cycling LfL sales rose 6.4% year-over-year.

• Gross margin expanded and costs were well managed, supporting profit growth.

• FY26 is a 53-week period, but all figures are reported on a 52-week basis.

Outlook and guidance

• Trading in March and April aligned with expectations despite macroeconomic uncertainty.

• FY27 underlying PBT consensus is £42.0m–£48.6m, with energy and FX largely hedged.

• Next update scheduled for 25 June 2026 with preliminary FY26 results.