Retailer says sales of bike products show no sign of stopping as demand for car products and services also rise
Halfords has raised its profit guidance for the rest of the year after a surge in bike sales during the pandemic.
The retailer said demand for bikes and cycling products has continued following the end of the peak cycling and summer staycation season, while sales are growing again for its car products and services. As a result, it now expects half-year profits to top £55m, compared with the £35m to £40m it was predicting earlier this month. Shares jumped 18% after the trading update was published on Thursday morning.
