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All eyes on Halfords as shares plunge ahead of Q1 results Thursday, 5th July 2012
Halfords came dangerously close to finishing at its lowest-ever share price this week, as the industry gears up to hear from what is thought to be a wash-out first quarter.
The Independent on Thursday reported that with the wettest June on record coupled with aggressive discounts from rivals, there could be trouble ahead for Halfords. In the run up to the results, Kate Calvert from Seymour Pierce cut her pre-tax profit forecast for the year by 15 per cent, saying she did “not expect pretty first quarter sales numbers”, as cited by the Independent.
The bicycle and outdoor retailer saw shares drop 20.4p to 208p in market trading this week, its lowest since 2008.