Dunelm store sales rise during Christmas
Homeware retailer Dunelm has reported a like-for-like sales rise at its stores, alongside a stronger profit outlook.
Like-for-like sales at its stores rose by 5.7% to £246.4m in the 13 weeks to 29 December, compared with the same period a year ago.
Online revenue, meanwhile, grew by 37.9% during the period.
Homeware retailer Dunelm has reported a like-for-like sales rise at its stores, alongside a stronger profit outlook.
Like-for-like sales at its stores rose by 5.7% to £246.4m in the 13 weeks to 29 December, compared with the same period a year ago.
Online revenue, meanwhile, grew by 37.9% during the period.
Dunelm said it expects to post pre-tax profits for the first half of its financial year that are “modestly ahead” of market expectations, at around £70m.
The retailer, which did not open or relocate any stores during the quarter, operates 169 stores. It expects to relocate one store towards the end of its financial year.
Dunelm said it was cautious about the full-year, “given unprecedented levels of uncertainty currently facing consumers and businesses in the UK”.
Nick Wilkinson, chief executive at Dunelm, said: “Despite our strong performance in the year to date, we remain cautious on the outlook for the second half, given the ongoing uncertainty in the UK economy.
“However, in the medium term, we see significant opportunity to grow the business by focusing on our customers and seizing opportunities in a digital world.”
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