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10 Jul 2019 | 07:57

Dunelm Group like-for-like revenue gets boost from 'strong' store, online growth

Homewares retailer Dunelm Group said like-for-like revenue for the fourth quarter increased by 15.4%, thanks to 'strong' underlying growth in stores and online and favourable weather this year. For 13-week period ended 29 June 2019, total like-for-like (LFL) revenue increased 15.4%, with store LFL revenue up 12.1% and online revenue on up 37.0%. The company its June guidance unchanged, with profit before tax for the year expected to be in the range of £124-126m, and underlying profit before tax to come in at £102.0m. Looking forward, the company said it sees 'significant opportunity' for continued growth both from its stores and online, whilst maintaining our improved operational discipline. In the short-term, 'we remain cautious about the uncertain political climate and the impact it may have on consumer spending, but expect to make further progress in the year ahead and are confident about the Group's longer-term prospects,' it added.

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