Halfords Reports Group Revenues Up 9.6%, Flat Autocentre Sales
Halfords has reported that its group revenues (the period from 3 April to 26 July 2010, incorporating first quarter financial performance for the 13 weeks to 2 July 2010) increased 9.6 per cent year-on-year, reflecting the acquisition of Nationwide Autocentres in February 2010. However, like-for-like revenues at Halfords’ Retail and Autocentres business units were down -2.1 per cent and flat respectively. As a result, the Group level, this represented a like-for-like revenue decline of –1.9 per cent.