Dunelm profits shine

Homewares retailer Dunelm posted a robust set of half year figures, as it continues to open new stores, and said it remains confident in growth prospects for the business.

Homewares retailer Dunelm posted a robust set of half year figures, as it continues to open new stores, and said it remains confident in growth prospects for the business.

The bedding, curtains and blinds retailer said pre-tax profit rose by 14.6% to £59.8m for the 26 weeks to December 29th 2012 while revenue jumped 13.4% to £340.1m during the period.

Like-for-like sales up by 2.2% compared to 1.1% growth the previous year and gross margins improved 30 basis points to 49.5%.

Dunelm, which opened 10 new superstores during the period, has offered an interim dividend of 4.5p per share, up 12.5% from the prior year. The group has committed to a furhter six sites.

Chief Executive Nick Wharton said: "Dunelm has continued to outperform the overall homewares market. We have made good strategic progress during the period, particularly supported by our work to improve customer service, the continued expansion of our store portfolio across the UK and the progress made in our on-line offering."

"The final quarter of our financial year presents some challenging like for like sales comparatives, but with a significant new store growth opportunity and an exciting multi-channel agenda in place, the board remains confident in the overall growth prospects for the business."

CJ

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Investors are shunning UK stocks – but they might regret that in a year’s time
UK stockmarkets

Investors are shunning UK stocks – but they might regret that in a year’s time

There are a number of reasons why investors aren't buying UK stocks, says John Stepek. But they may want to rethink that strategy.
29 Sep 2020
Are we really in a stockmarket bubble?
US stockmarkets

Are we really in a stockmarket bubble?

The rise of “cash shell” companies, sky-high valuations – everything seems to point to a stockmarket bubble. But all may not quite be as it appears, s…
28 Sep 2020
Two commodities that could lie at the heart of the next resources bubble
Energy

Two commodities that could lie at the heart of the next resources bubble

Commodities tend to move in cycles. And if you can identify early on which ones are about to surge in demand, you can profit handsomely. Dominic Frisb…
30 Sep 2020