Dunelm shares hit record high

Shares in Dunelm have hit a record high today (12 February) following the company’s latest results announcement.

The Leicestershire retailer’s share price skyrocketed to £13.24p after it announced a huge profit surge on the London Stock Exchange this morning.

The homewares giant saw its profits jump by 19.4 per cent to £83.6 million during the 26 weeks to 28 December – a performance it attributed to the success of its new digital platform.

The firm also experienced like-for-like revenue growth of 5.6 per cent during the period.

Breaking the good news, Dunelm CEO Nick Wilkinson said: “We have made good progress over the first half, following a strong performance last year, which is reflected in the significant growth delivered in both sales and profits.

“We continue to build strong foundations for future growth. The successful launch of our digital platform accelerates our ability to innovate our customer proposition and we remain focused on operational improvements across all areas of the business.”