Feb 28, 11:47 AM

British Retailer Halfords Cuts Profit Forecast Amid Weakened Cycling, Retail Motoring, Consumer Tyre Markets to £35-40m (FY24)

British retailer Halfords issues a profit warning due to weakened performance in Cycling, Retail Motoring, and Consumer Tyre segments. Factors include weak customer confidence, unusual weather conditions, and increased competition in the cycling market. The company revises its FY24 pre-tax profit outlook to £35-40m from £48-53m, compared to the prior year's £43.5m.

#Halfords #Cycling #Retail Motoring #Consumer Tyre

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