AJ Bell head of markets Dan Coatsworth insists it was vital that the cycling part of Halfords started to perform again.
He said: “Halfords talks about heightened seasonal demand which suggests that bikes could have been flying off the shelves.
“Getting back on top with the cycling part of its business has been a long time coming, given how Halfords suffered an almighty post-Covid slump for two-wheeled sales.
“The stock has now nearly doubled in price year-to-date as it enjoys positive momentum in the business. Investors should be happy, but they’ll also be watching Halfords’ second half closely.”
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