Halfords Group plc announced sales results for the 20-week period ended August 16, 2019. For the period, Like-for-Like ('LFL') revenue at a group level declined -3.2% in the period, with retail -3.9% and autocentres +1.1%.

The company provided earnings guidance for the first half of 2020. During the first half of the year, they have seen weaker sales growth than expected, the impact of which has been partially mitigated by stronger margins and tight cost control. Poorer summer weather, together with weaker consumer confidence, has had a negative impact on performance albeit less discretionary categories, particular Motoring services, have been more resilient. At this point in time, the impact of the uncertain economic environment remains an ongoing risk to big-ticket discretionary purchases in the second half. In light of this, they remain focused on improving gross margins and managing the cost base. Despite the challenging environment, they have seen a positive contribution to sales and profit from key elements of their customer strategy. They will continue to actively invest in these areas in the second half, focusing their resources where they see good growth opportunities.