Finance
UK's Halfords profit jumps 1% on strong bicycle sales
Published by Global Banking and Finance Review
Posted on November 27, 2025
2 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 27, 2025
2 min readLast updated: January 20, 2026
Halfords' profit rose by 1% due to strong bicycle sales, despite inflation. The company plans strategic growth and expects profits in line with market consensus.
(Reuters) -Britain's Halfords reported a 1% rise in first-half profit on Thursday, as strong bicycle sales helped offset costs and other inflationary pressures.
A combination of elevated inflation, higher labour costs and tempering consumer spending on discretionary purchases has pushed retailers such as Halfords to tighten costs and use more flexible pricing to support demand and protect margins.
The bicycles and car parts provider's group sales rose 4.1% on a like-for-like basis, with revenue from bicycles jumping 9% along with growth in both its retail and car maintenance businesses.
"Current trading appears a shade below 1H, but that is consistent with most retailers at present," analysts at Peel Hunt said in a statement.
The company would pursue a three-phase strategy – "Optimise, Evolve, Scale" – to improve returns and expand its services business, Halfords CEO Henry Birch said.
The Redditch, England-based company also said that its chair, Keith Williams, plans to step down from the position by its next Annual General Meeting in September 2026.
The company reaffirmed expectations of delivering underlying pre-tax profit for the year ending March 2026, in-line with market consensus of between 36 million pounds and 40.7 million pounds ($47.65 million and $53.87 million), as per a company-compiled poll.
It reported an underlying pre-tax profit of 21.2 million pounds for the six months ended September 26, compared with 21 million pounds a year prior.
($1 = 0.7555 pounds)
(Reporting by Raechel Thankam Job and Nithyashree R B in Bengaluru; Editing by Rashmi Aich)
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power.
Pre-tax profit is the income a company earns before taxes are deducted, indicating its profitability.
Retail sales refer to the total receipts of retail stores, reflecting consumer spending on goods and services.
A strategic plan outlines an organization's long-term goals and the actions needed to achieve them.
Consumer spending is the total amount of money spent by households on goods and services.
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