Halfords shares surged 10.9% to 267.35 pence on Thursday after the UK’s leading motoring and cycling retailer upgraded its fiscal 2027 underlying profit guidance to a range of £55 million to £65 million.
The company said the upward revision reflects sustained operational momentum from its ongoing "Fit for the Future" transformation strategy. Management also highlighted an unusually warm UK summer as a significant tailwind for seasonal product categories, with the weather-driven uplift estimated to contribute incremental profit in the mid-single-digit millions of pounds.
The revised guidance compares with the analyst consensus of £52.6 million prior to the update. Halfords’ shares reached an intraday 52-week high of 274.5 pence following the announcement, which was released before the market open via a regulatory news service.
The trading update follows the company’s full-year fiscal 2026 results in late June, when Halfords reported underlying profit ahead of expectations and guided to the top end of its fiscal 2027 outlook. Halfords is a constituent of the FTSE 250 index.
