Dunelm half year revenue up 8.8%

Out-of-town homewares retailer Dunelm saw like-for-like (LFL) sales for the half year ended 31 December grow by 1.1%, contributing to an 8.8% rise in total revenue for the period.

Out-of-town homewares retailer Dunelm saw like-for-like (LFL) sales for the half year ended 31 December grow by 1.1%, contributing to an 8.8% rise in total revenue for the period.

The group anticipates that pre-tax profit for the half year will be up from £48.5m to £52m on a LFL basis, but said figures were in part positively affected by comparison with the period of heavy snowfall in 2010.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

"We continue to anticipate that gross margin over the full year will be broadly in line with the prior year. Dunelm has achieved robust trading results in a very demanding retail environment, and has continued to gain market share on a LFL basis," the firm said in a statement.

"We have also made significant progress on our longer term development plan, not only delivering a very ambitious store opening programme over the last quarter, but also making fundamental improvements to our on-line offer that have been well received by customers."

"We remain cautious about the impact of the UK consumer environment on our trading in the near term," the firm added, but expressed confidence in the future growth prospects for the business.

At 31 December the group had £40.4m net cleared funds.

NR

MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.