Home » News and Views » Ian Pollard – Halford #HFD management challenged by Retail environment

Ian Pollard – Halford #HFD management challenged by Retail environment

Halfords Group plc HFD found itself facing a challenging retail environment in the year to 30th. March which is Boardspeak for “we lost the plot a bit”. Like for like revenue rose by 2% and total revenue by 3.7%. but profit before tax fell by 5% and basic earnings per share wee down by 2.3% which was not sufficient to prevent a 3% rise in the full year ordinary dividend. As for the current year, the motoring market is expected to remain robust and there are good growth prospects for cycllng.

Cranswick plc CWK delivered a strong financial performance across each of its four product categories in the year to 31st March and the full year dividend is to be increased by 21.8% to 53.7p. Like for like revenue rose by 12.7% and export sales surged by 30.2%. Statutory profit before tax increased by 13.5% and like for like earnings per share  by 11%.

Pets at home Grp PETS claims to be back on a better footing after a drop of 16.6% in statutory profit before tax for the year to 29th March. . Group like for like revenue grew by 5,5% as against 1.5% for 2017. The total dividend is maintined at 7.5% and the new Chief Executive is both proud and excited to be taking over and sees a bright future ahead.

Entertainment One Ltd eOne reports another year of double digit growth in profits and earnings..Despite a 4% drop in revenue for the year to 31st March, adjusted profit before tax was up by 11%  (or 116% on a reported basis) and  the full year dividend is being increased from 1.3p per share to 1.4p. eOne claims that its market has now changed and customers, with the exception of sports vents, want to watch what they want, where they want and when they want. It believes that its three pronged strategy of connect, create and deliver, will drive rvenue and ABITDA growth.

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