Halfords Group PLC Reports Financial Growth and Strategic Progress for FY26

Halfords Group PLC announced its preliminary financial results for its 53-week fiscal year ending 3 April 2026. The company reported a 4.8% increase in group sales on a like-for-like basis, driven by retail sales growth of 4.1% and a 5.8% increase from Autocentres. Gross margin expanded by 210 basis points, reaching 52.8%, offsetting increased operating costs due to inflation and planned investments.

The underlying profit before tax rose by 4.1% to £45.4 million. Excluding changes in accounting treatment, it grew over 8% year-on-year to £41.5 million. The company's return on capital employed grew by 160 basis points, reaching 14.2%. Furthermore, free cash flow was £25.3 million, resulting in net cash of £11.2 million.

Strategically, Halfords is advancing its 'Optimise' phase, aimed at improving operational efficiency and customer experience. The company also reported increased digital investments and successful operational measures in its Autocentres and retail segments.