Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
Halfords, the UK’s leading retailer of motoring and cycling products, has announced that the group’s auditor, BDO, requested more time to complete their standard audit procedures.
As a result, the retailer postponed the release of its annual report, which was set to be published on 15 June.
Following the announcement, Halfords’ shares dropped on 14 June to 185p but are now back at almost 200p.
Despite the delay, Halfords has reassured its shareholders that the annual report is “well advanced” and it expects an underlying profit before tax to be within its previously guided range of £50m to £60m.
The retailer has announced that it will now publish its preliminary results for FY23 on 21 June.
BDO has been contacted for comment.
