Halfords Achieves Strong FY25 Finish, Appoints New CEO

Halfords Group PLC reported a robust performance for FY25, with group like-for-like sales rising by 2.3% despite strong prior year figures. Gross margins increased significantly due to pricing optimization and favorable FX rates. Autocentres outperformed with a 3.7% rise in sales, driven by strategic growth in Services, Maintenance, and Repair work.

The company exceeded its £30m cost-saving target, offsetting inflation. Fusion locations saw up to a 50% sales uplift. Halfords Motoring Club surpassed 5 million members, contributing significantly to MOT activity.

Looking forward, Halfords plans to mitigate upcoming cost increases due to changes in wage regulations. Moreover, the rollout of additional Fusion sites is on track with plans to convert a significant number in FY26. Lastly, Henry Birch has been appointed CEO as Graham Stapleton steps down after seven years of service.