// Dunelm sales and profits rise following demand in homeware
// Dunelm said its winter sale had been “encouraging”
Dunelm has reported strong profits and sales and continued to outperform in the market of homeware and furniture.
The retailer said it remained “confident in long term growth plans” after pre-tax profits rose to £140.8 million for the 26 weeks ended December 25 2021.
This marked a 25.3% increase from the same period in 2020.
READ MORE: Dunelm appoints Kelly Devine as non-exec director
Dunelm also reported that total sales also grew by 10.6% to £795.6 million, with digital sales now making up 33% of all purchases.
This marked a 2% decline from the same period last year.
The number of active customers pers now stands at 13 million, a 6.3% increase over the year.
Net cash stood at £47.7 million, down from the £140.6 million recorded in the retailer’s interim results last year. Free cash flows were up year on year to £106.3 million.
Dunelm said its winter sale had been “encouraging”, with the retailer expecting that pre-tax profit for the year will be in line with recently upgraded expectations.
“Together we have navigated another period filled with significant and evolving external challenges and delivered a very strong performance in the first half, with continued growth in customer numbers, further market share gains, record sales and particularly strong profitability,” Chief executive Nick Wilkinson said.
“When we announced our interim results in 2020, we were weeks away from the world being turned upside down.
“Two years later, we are moving forwards as a bigger, better business, with more capability, more resilience, more ambition, and delivering accelerated growth.
“We have not only worked hard and innovated to enhance our customers’ experience across all channels and categories, but have also continued to develop our customer proposition and capabilities at pace to support our future growth.”
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