Halfords’ revenues and profits advanced as it “rapidly accelerated” its transformation. However, the retailer warned of uncertainty ahead, including supply challenges.

Halfords’ sales rose 13.9% like-for-like to £1.29bn last year, when underlying pre-tax profit climbed 72% to £96.3m.

Like-for-likes at Halfords’ retail division rose 14.6%, powered by cycling, which was up 54.1% as people adopted the mode of transport during the pandemic.