28 January 2025 - trading update
Last November we stated that we thought it was too early to buy shares in the cycling and auto centres group at 147p, and this has proved good advice with the shares dropping below 130p. However, the company has issued a positive trading update today with third quarter like-for-like sales growth in both parts of the business. The retail cycling business traded well over the Christmas period whilst auto centres also reported a strong performance in its more profitable service and repairs business. Current trading is good and the company’s cost savings . . .
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