Halfords shares surged 10.9% on Thursday after the UK’s leading motoring and cycling retailer upgraded its full-year 2027 profit guidance, citing sustained operational momentum and an unseasonably warm summer.
The stock advanced 26.35p, or 10.93%, to 267.35p in mid-morning trading, reaching an intraday high of 274.5p—a fresh 52-week peak. The company raised its fiscal 2027 underlying profit before tax guidance to a range of £55 million to £65 million, exceeding the analyst consensus of £52.6 million.
Halfords attributed the upgrade to the ongoing execution of its "Fit for the Future" transformation strategy, which has delivered consistent operational improvements. The unusually warm UK summer also provided a tailwind for seasonal product categories, contributing an estimated mid-single-digit million-pound incremental profit.
The trading update was issued via a regulatory news service at 09:00 BST on August 27, 2026, following the retailer’s full-year 2026 results in late June. At that time, Halfords reported underlying profit ahead of expectations and guided toward the top end of its FY27 outlook.
The stock’s surge lifted it further into FTSE 250 territory, reflecting renewed investor confidence in the group’s turnaround efforts and seasonal performance.
