Dunelm revenues jump 25% in first quarter

Leicester headquarterd Dunelm Group is no doubt in a celebratory mood having posted a 25% rise in revenues in the first quarter.

Dunelm say its revenue increased in the 13 weeks ended September 30 to £247.9 million from £198.7 million in same period last year. The home furnishings retailer said that its like-for-like revenue also grew by 9.3% to £214.3 million.

Chairman Andy Harrison says: “like-for-like sales were boosted by favourable weather comparatives” and said Dunelm continues “to outperform the homewares market, with strong growth across the business, especially online.”

During the period Dunelm say it opened five new stores, increasing its portfolio to 165 stores, and is “legally committed” to a further five new stores, one of which is a relocation. All five stores of are due to open before the end of the calendar year, Dunelm said.

The retailer also notes that it continues to grow its presence in the both south-east of the UK and London, and now has 11 stores inside the M25 motorway.

Looking ahead, Harrison says that Dunelm is heading into the second quarter having opened a number of new stores. It also noted that it has “an improved seasonal offer” for the Christmas period, which it believes “will resonate well with customers.”