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Dunelm Group (DNLM)

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Dunelm guides toward higher full-year profits

10 Jul 19

LONDON (ShareCast) - (Sharecast News) - Dunelm saw sales accelerate over the past three months even as margins increased, leading management to forecast full-year profits before tax would come in towards the upper end of its previous guidance range.
Over the 13 weeks ending on 29 June, sales at the home furnishings retailers jumped by 11.6% year-on-year to reach 264.1m, with like-for-like revenues ahead by 12.1% and total gross margins increasing by 160 basis points and by 200 points at the core level.

For the full year, profits before tax were now seen at the upper end of the 124.0-126.0m range announced on 20 June, versus 102.0 in the 2018 financial year.

-- More to follow --

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Market Data

Currency UK Pounds
Price 1,124.00p
Change Today -57.00p
52 Week High 1,404.00p
52 Week Low 730.50p
Volume 207,260
Shares Issued 202.20m
Market Cap 2,272.74m


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