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<\/a><\/p>![\"Halfords](\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2023\/06\/shutterstock_1224275011-696x464.jpg\" "\\"Halfords")
\/\/<\/span> Halfords auditor BDO extends publication of the retailer\u2019s annual reports<\/h6>\n\/\/ <\/span>The motor and cycling retailer said, despite the delay, it expects to report an underlying pre-tax profit of \u00a350m to \u00a360m<\/h6>\nHalfords has delayed the publication of its annual report after its auditor BDO requested more time to complete audit procedures.<\/p>\n
The motor and cycling retailer, which was meant to update this morning, will now publish its preliminary results next Wednesday.<\/p>\n
The retailer reassured shareholders the audit of its report was \u201cwell advanced\u201d and expects to report an underlying profit before tax within its previously guided range of \u00a350m to \u00a360m.<\/p>\n
Subscribe to Retail Gazette for free<\/strong><\/h5>\nSign up\u00a0here\u00a0to g<\/span>et the latest news straight into your inbox each morning<\/span>\u00a0<\/span><\/strong><\/p>\nHalfords\u2019 shares dropped 7% yesterday to 185p following the notice but bumped back up to 195p this afternoon.<\/p>\n
The retailer lowered its full-year profit guidance from between \u00a365m to \u00a375m earlier this year due to weakness in the\u00a0consumer tyre market and labour market issues.<\/p>\n
In the 13 weeks to 30 December, group sales surged 38% thanks to strong demand in the motoring division and needs-based categories, but was hit by softer-than-expected cycling and tyre markets.<\/p>\n
Click here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/p><\/div>\n
Halfords has delayed the publication of its annual report after its auditor BDO requested more time to complete audit procedures.<\/p>\n
The motor and cycling retailer, which was meant to update this morning, will now publish its preliminary results next Wednesday.<\/p>\n
The retailer reassured shareholders the audit of its report was \u201cwell advanced\u201d and expects to report an underlying profit before tax within its previously guided range of \u00a350m to \u00a360m.<\/p>\n
Subscribe to Retail Gazette for free<\/strong><\/h5>\nSign up\u00a0here\u00a0to g<\/span>et the latest news straight into your inbox each morning<\/span>\u00a0<\/span><\/strong><\/p>\nHalfords\u2019 shares dropped 7% yesterday to 185p following the notice but bumped back up to 195p this afternoon.<\/p>\n
The retailer lowered its full-year profit guidance from between \u00a365m to \u00a375m earlier this year due to weakness in the\u00a0consumer tyre market and labour market issues.<\/p>\n
In the 13 weeks to 30 December, group sales surged 38% thanks to strong demand in the motoring division and needs-based categories, but was hit by softer-than-expected cycling and tyre markets.<\/p>\n
Click here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/p><\/div>\n
Halfords\u2019 shares dropped 7% yesterday to 185p following the notice but bumped back up to 195p this afternoon.<\/p>\n
The retailer lowered its full-year profit guidance from between \u00a365m to \u00a375m earlier this year due to weakness in the\u00a0consumer tyre market and labour market issues.<\/p>\n
In the 13 weeks to 30 December, group sales surged 38% thanks to strong demand in the motoring division and needs-based categories, but was hit by softer-than-expected cycling and tyre markets.<\/p>\n
Click here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/p><\/div>\n