markets · · proactiveinvestors.com

Halfords shares fall 9% despite strong first-half sales as H2 investment weighs on outlook

Shares in Halfords Group PLC (LSE:HFD), the motoring and cycling retailer and garage operator, fell 9% to 254.50p on Wednesday, down 23.50p from Tuesday's close of 278.00p, despite a trading update showing like-for-like sales growth of 7.1%. Halfords said first-half like-for-like sales, which strip out the effect of new and closed stores, rose 7.1%, with Retail up 7.7% and Autocentres, its garage business, up 6.1%.

Halfords shares fall 9% despite strong first-half sales as H2 investment weighs on outlook

Shares in Halfords Group PLC (LSE:HFD), the motoring and cycling retailer and garage operator, fell 9% to 254.50p on Wednesday, down 23.50p from Tuesday's close of 278.00p, despite a trading update showing like-for-like sales growth of 7.1%. Halfords said first-half like-for-like sales, which strip out the effect of new and closed stores, rose 7.1%, with Retail up 7.7% and Autocentres, its garage business, up 6.1%.

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