Remove ads

Introducing the LemonFools Personal Finance Calculators

Halfords - FY19 Q3 Trading Update

Practical discussions about equity High-Yield Portfolios (HYP) for income
Forum rules
Tight HYP discussions only please - OT please discuss in strategies
idpickering
Lemon Quarter
Posts: 4168
Joined: November 4th, 2016, 5:04 pm
Has thanked: 591 times
Been thanked: 1282 times

Halfords - FY19 Q3 Trading Update

#192297

Postby idpickering » January 10th, 2019, 7:09 am

Key points for the 14-week period

· Group revenue -1.7% LFL, with +1.4% growth in Autocentres offset by -2.2% LFL in Retail, reflecting the impact of mild weather and weak consumer confidence

· Retail Motoring sales -3.4% reflecting declines in weather-related and discretionary products and services, partially offset by growth in non-weather-related motoring consumables

· Retail Cycling sales were broadly flat at -0.3% LFL on a strong comparative of +8%. Growth in cycle accessories and children's cycling was offset by a decline in the more discretionary and bigger-ticket adult bikes

· Autocentres LFL +1.4%, reflecting broad based growth in services and maintenance work. Continued good progress on operational improvements

· Group online sales, which represent 20% of total sales, grew +7.5% with over 80% of Halfords.com orders collected in store


https://www.investegate.co.uk/halfords- ... 00076830M/

idpickering
Lemon Quarter
Posts: 4168
Joined: November 4th, 2016, 5:04 pm
Has thanked: 591 times
Been thanked: 1282 times

Re: Halfords - FY19 Q3 Trading Update

#192310

Postby idpickering » January 10th, 2019, 8:36 am

Ouch! Halfords down 23% as I type. Anyone tempted? Certainly not one for me.

Ian.

daveh
Lemon Slice
Posts: 495
Joined: November 4th, 2016, 11:06 am
Has thanked: 29 times
Been thanked: 136 times

Re: Halfords - FY19 Q3 Trading Update

#192314

Postby daveh » January 10th, 2019, 8:57 am

idpickering wrote:Ouch! Halfords down 23% as I type. Anyone tempted? Certainly not one for me.

Ian.


That seems rather a large drop for what from the headlines in the OP don't seem that bad a set of results - not brilliant but how does a drop in sales of ~2% translate to a 23% drop in share price?

Not one for me as I said elsewhere I'm staying away from retail. Looks to be difficult times for retail with a lot of competition and a lot of discounting that will be impacting margins.

Wizard
Lemon Quarter
Posts: 2332
Joined: November 7th, 2016, 8:22 am
Been thanked: 421 times

Re: Halfords - FY19 Q3 Trading Update

#192315

Postby Wizard » January 10th, 2019, 9:03 am

daveh wrote:
idpickering wrote:Ouch! Halfords down 23% as I type. Anyone tempted? Certainly not one for me.

Ian.


That seems rather a large drop for what from the headlines in the OP don't seem that bad a set of results - not brilliant but how does a drop in sales of ~2% translate to a 23% drop in share price?

Not one for me as I said elsewhere I'm staying away from retail. Looks to be difficult times for retail with a lot of competition and a lot of discounting that will be impacting margins.

On the share ideas board there may be some merit to discussing the scale of the drop, but to be honest for anyone one considering LTBH personally I think retaillers with physical shops have a flashing red light above them and a very loud recorded message saying "avoid, avoid, avoid" being broadcast on a loop.

Terry


Return to “High Yield Portfolios (HYP) - Practical”

Who is online

Users browsing this forum: No registered users and 3 guests