Dunelm has posted a rise in sales and profits despite the “softer market”.
Revenue nudged up 4.1% to just over £1.7bn for the year as pre-tax profit rose 6.6% to £205.4m.
It delivered growth across both stores and online, with ecommerce accounting for 37% of total sales.
Despite the encouraging performance, the homewares retailer said it is operating in a “challenging consumer environment” with the timing of recovery “uncertain”.
Dunelm CEO Nick Wilkinson said: “In a period where consumers faced increased costs and competing demands on their disposable income, we have maintained our focus on delivering value and relevance. Our growth in sales volume and market share, alongside advancements in our digital and operational capabilities, underscores our ongoing commitment to excellence.”
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“Whilst we are gradually seeing improvements to economic indicators, we are yet to see a meaningful change in consumer spending habits in our markets.
“Against this backdrop, and compared to a strong first quarter we have made a satisfactory start to FY25.”
The retailer opened six new stores during the period, including one relocation, in line with its expansion plans as it plans to extend its store rollout across various sizes and formats.
Looking forward, Dunelm anticipates that sales growth in its current year will be driven by increased volume and further market share expansion.
Wilkinson said its plan “gives us a clear pathway to reaching our next milestone of double-digit market share in the medium term”.
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