Annual profits at Halfords have been hit by the weak pound despite a strong rise in sales.
It reported pre-tax profits fell 10.5% to £71.4m for the year to March.
Revenue was up 7.2% to nearly £1.1bn, boosted by the acquisition of upmarket bike business Tredz/Wheelies. Like-for- like revenues rose 2.7%.
Halfords said higher import costs had largely been responsible for the drop in profits.
It also said a late Easter affected recent sales, revealing a 1.2% drop in like-for- like retail sales in the final three months of its financial year.
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