Sunday, August 14, 2022

Dunelm sales stunted by early Easter and unpredictable weather

Home furnishings retailer Dunelm’s sales growth was stunted by a “volatile trading” as it posted its trading update for the 13 weeks to July 2.

Sales rose by 1.8 per cent to £203.8 million in that period, while total like-for-like growth dipped 0.6 per cent.

However, as the company took note of an early Easter this year, its adjusted like-for-likes in the quarterly period rose 2.9 per cent.

In addition, the company’s home delivery sales spiked 16.8 per cent in the 13 week period alone.

The company anticipates full year sales for the 12 months to July 2 will stand at £880.9 million, up from £822.7 million in the year to June 27, 2015.

“I am pleased to report another solid quarter of underlying growth, particularly given the more difficult retail trading environment which we believe has seen the homewares market decline in the quarter,” Dunelm chief execttive John Browett said.

“Overall, therefore, we are continuing to increase our share of that market through our focus on delivering everyday value and excellent service for customers.

“The current uncertainty makes the future trajectory of the economy and consumer confidence unclear; however, we are confident that Dunelm, as market leader, will continue to strengthen its position through its low cost operating model, everyday value, consistent cash generation and strong balance sheet.”


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