Dunelm sees ‘significant opportunity’ after sales soar
Dunelm has posted a rise in quarterly sales and is confident that full-year profits will come in at the top end of expectations.
Dunelm chief executive Nick Wilkinson said: “In the year that Dunelm turned 40, we are delighted that both new and existing customers continue to respond positively to our evolving offer.”
The homewares specialist reported store like-for-likes up 12.1% in the fourth quarter to June 29, when online sales climbed 37%.
Total sales advanced 11.6% to £264.1m in the period when gross margin rose by approximately 240bps at group level. The core business upped margin by 200bps ”driven by better sourcing and a lower level of end of season clearance compared to the same period last year”.
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