Halfords gets sales boost after garages makeover and e-bikes push (opens original article in a new tab)

Halfords saw a sales increase and profit recovery due to garage modernization and e-bike demand, with shares rising 14%.

• Halfords reported a 4.8% increase in revenues to £1.8 billion for the year to April 3
• The company opened over 100 Fusion garages and plans to open 35 more this year
• Halfords returned to a pre-tax profit of £43.6 million from a £30 million loss the previous year
• E-bike sales and modernized garages contributed to the sales growth