// Dunelm sales rise thanks to “excellent performance”
// CEO Nick Wilkinson said the store’s digital investments had paid off dividends
Dunelm has seen sales of £1.3 billion for the financial year as shareholders are treated to a bumper payout.
In the year ending June 26, profit before tax soared by 44.6 per cent, jumping from £109 million to £158 million.
Diluted earnings per share jumped 46.6 per cent to 62.9p while investors also received an ordinary and special dividend payment of 35p and 65p per share.
Dunelm chief executive Nick Wilkinson praised the company’s “excellent performance” which came despite the company’s physical stores being closed for more than a third of the year.
Wilkinson said the store’s digital investments had paid off dividends.
“We are emerging from the pandemic as a stronger and better business, having transitioned from being a physical retailer with digital aspirations to being a proven, digital first, multichannel retailer,” he said.
The company increased its UK market share by 1.6 percentage points to 9.1 per cent, experiencing active customer growth of 8.5 per cent, with the majority occurring across digital channels.
Despite the jubilant results Wilkinson cautioned that the macro-outlook for the company remains uncertain in the current business environment, with industry-wide supply chain issues likely to present ongoing challenges.