The Lemon Fool

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

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

Ian.

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.