Halfords Group - Re: HFD Stream Log - Beauforts note from this morning:...

Beauforts note from this morning: "Halfords delivered excellent performance in FY 2016 on both financial and operational fronts. The company's retail segment led growth, with the motoring side of the business recording higher sales, despite unfavourable weather conditions. Cycling sales were down due to strong comparatives, poor weather and discounting across the market. Service-related sales increased 8.5%, driven in particular by cycle repair and elements of motoring fitting, such as audio and roof boxes. Halfords' Autocentres segment continued its growth momentum, recording higher margins and LFL sales growth for the 10th consecutive quarter. The company's Moving Up a Gear strategy, targeted at driving sustainable long-term growth, is developing well, including a step change in customer data, introduction of new services, product innovation and exciting collaborations. The acquisitions of Tredz and Wheelies are expected to add to capabilities in online sales of premium bikes and PACs. In light of Halfords' healthy progress in FY 2016 and bright prospects for FY 2017..." It's up on Research Tree