Halfords Sees Profit Decline While E-Bikes Drive Cycling Sales

REDDITCH, UK – In the latest financial update for 52 weeks Halfords reports a 3.7% increase in revenue to GBP 1.135 billion (1.296b euro) compared with the previous year. However, profit before tax decline by 6% to GBP 67million (76m euro) mainly as the result of the weakened pound.
Halfords reports ‘declining sales in bike volumes offset by increase in sales value.’ – Photo Halfords