Tuesday, June 28, 2022

Strong performance sees record quarter for Dunelm

Dunelm, the Leicestershire-based homewares retailer, has reported a record quarter for the 13-week period ended 25 December 2021.

Total sales of £407m in the second quarter were up £46m compared to FY21 and £84m compared to FY20. The company said that this “excellent performance included particularly encouraging growth from [its] stores.”

Meanwhile digital sales have doubled since the pre-Covid Q2 comparative period in FY20.

As a result of strong sales Dunelm now expects profit before tax for the first half to be approximately £140m (H1 FY21: £112m, H1 FY20: £84m).

Nick Wilkinson, Chief Executive Officer, said: “We are delighted with our ongoing strong performance, which demonstrates the growing appeal of our homewares offer and includes some standout contributions from our furniture and seasonal categories. I would like to thank our fantastic colleagues and supplier partners for their ongoing commitment to serving our customers in the face of continued Covid challenges and industry-wide supply chain disruption.

“Our integrated physical and digital shopping experience has transformed since we launched our new digital platform in October 2019. These advances have enabled us to reach more customers with our brand and specialist homewares product range, whilst also providing a much improved customer experience. Our digital platform and capabilities also give us more confidence and ambition for the future.

“Whilst there are several macro uncertainties to be navigated, we feel well placed to continue to deliver profitable growth across all channels and grow market share as the 1st choice for home for UK homelovers.”

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