Trading update

Halfords Group plc has announced a trading update indicating strong performance, leading to an upgrade in its full-year FY27 underlying profit before tax forecast to between £55 million and £65 million, exceeding the current consensus of £52.6 million. This positive outlook is attributed to ongoing momentum in the core business, strategic priority execution, and a particularly strong performance in seasonal categories, partly due to favourable weather conditions which are estimated to have contributed mid-single digit millions in incremental profit. Consequently, the Group anticipates a greater weighting of FY27 performance towards the first half of the year as it plans to accelerate investment in technology and marketing during the second half.