#tradingfloorai | #HFD |  #Salesgrowth | Here is a summary of the trading update from Halfords Group PLC:

- Halfords Group PLC has released a trading update, upgrading its profit expectations for the fiscal year 2025.
- The upgrade is based on positive like-for-like (LfL) sales growth in both the Retail and Autocentres divisions during the third quarter, with strong performance in the Services, Maintenance, and Repair (SMR) market.
- The company has also benefited from improved foreign exchange rates, lower freight costs, and effective cost management.
- For FY25, Halfords now expects an underlying profit before tax of £32m to £37m.
- However, the company remains cautious about the outlook for FY26 due to uncertainty regarding the impact of measures introduced in the Autumn Budget on the UK consumer and the broader economy.
- Halfords expects additional costs of approximately £23m in FY26 due to changes to the minimum wage and national insurance contributions.
- The next update from the company will be an FY25 trading statement in April.

Overall, Halfords Group PLC has delivered a positive trading update, with improved sales and profit expectations for FY25. However, the company remains cautious about the outlook for the following year due to potential economic headwinds. Read More@: