Halfords has raised its revenue forecasts for 2015 regardless of warning that it’ll take a success from the rise in nationwide insurance coverage introduced within the Funds.
The storage to bicycle chain stated underlying earnings earlier than tax would now attain £37m in comparison with £32m beforehand forecast.
The corporate stated yr on yr Q3 delivered 10.3% gross sales enhance in its service, upkeep and restore (SMR) enterprise.
In an replace Halfords stated: “Regardless of the latest optimistic efficiency, there stays appreciable uncertainty concerning the outlook for the UK client in gentle of measures launched by the Autumn Funds, which take impact from April and therefore are in power for the whole lot of FY26.
“Whereas the impression of modifications to the minimal wage and nationwide insurance coverage contributions are comparatively simple to quantify, including £23m to our direct labour prices in FY26 alone as introduced in November, their results on the demand atmosphere and well being of the broader economic system are more durable to foretell.
“We also continue to expect to see inflation passed through on managed services. We continue to work on possible mitigations for the additional costs we face and will share our plans alongside our FY25 results.”
