Member Article

Dunelm sales grow with profits and revenue

Homewares retailer, Dunelm, posted a 14.6% pre-tax profit rise in its half year results, up to £59.8m.

Revenues rose by 13.4% to £340.1m and sales increased 2.2% like-for-like, in comparison with 1.1% growth in the previous year.

The company increased its earnings per share by 18.8% to 22.1 pence, while its interim dividend was brought up by 12.5% to 4.5 pence per share.

Dunelm opened ten new “superstores” in the six months up to 29th December, and said growth through multi-channel selling now accounts for 4% of its revenues.

Chief executive, Nick Wharton, commented: “With a specialist proposition which continues to appeal to a broad spread of customers, Dunelm has continued to outperform the overall homewares market.

“We have made good strategic progress during the period, particularly supported by our work to improve customer service, the continued expansion of our store portfolio across the UK and the progress made in our on-line offering.

“The final quarter of our financial year presents some challenging like for like sales comparatives, but with a significant new store growth opportunity and an exciting multi-channel agenda in place, the Board remains confident in the overall growth prospects for the business.”

This was posted in Bdaily's Members' News section by Miranda Dobson .