Like-for-like revenues at Group level declined 3.2% year over year with Retail declining by 3.9% and Autocentres increasing by 1.1%. Group’s online sales increased by 8.4% year over year. Gross margin improved across the business due to cost control measures undertaken by the company.
During the first half of the year, the company has experienced weaker sales growth compared to expectations. The impact of uncertain economic environment due to Brexit remains the biggest risk to high value purchases by customers in the second half of the year.
On 4th September 2019, at the time of writing, GMT 08:13 AM, HFD shares were quoted at GBX 173.2, up 0.90 points or 0.52% over the previous day closing price.