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| Version 0 | Version 1 |
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| Halfords cycle sales help boost first quarter performance | Halfords cycle sales help boost first quarter performance |
| (about 1 hour later) | |
| Britain's cycling heroes helped Halfords to a strong sales performance in the first quarter, driving shares up more than 10%. | Britain's cycling heroes helped Halfords to a strong sales performance in the first quarter, driving shares up more than 10%. |
| The retailer, the biggest seller of bikes in the UK, said revenue rose 8.8% in the 13 weeks to 28 June. | |
| The strongest performance came from its cycling business, which includes ranges designed with cyclists including Victoria Pendleton and Chris Boardman, and where sales jumped 15.5% over the period. | The strongest performance came from its cycling business, which includes ranges designed with cyclists including Victoria Pendleton and Chris Boardman, and where sales jumped 15.5% over the period. |
| Chief executive Matt Davies said the group's performance reflected "better trading execution in areas of opportunity", as well as a weak comparative period last year. | Chief executive Matt Davies said the group's performance reflected "better trading execution in areas of opportunity", as well as a weak comparative period last year. |
| Car maintenance sales increased by 11.8%, while sales in travel solutions fell 1.9% after better camping sales were offset by a fall in the sale of child car seats. | Car maintenance sales increased by 11.8%, while sales in travel solutions fell 1.9% after better camping sales were offset by a fall in the sale of child car seats. |
| Online retail revenues jumped 15.5%, with cycling comprising more than half of its internet sales. | Online retail revenues jumped 15.5%, with cycling comprising more than half of its internet sales. |
| Davies joined Halfords in October last year and devised a three-year turnaround plan, targeting £1bn sales by 2016. Sales totalled £871m in the year to 29 March. | Davies joined Halfords in October last year and devised a three-year turnaround plan, targeting £1bn sales by 2016. Sales totalled £871m in the year to 29 March. |