Lockdown fails to shackle Dunelm as sales and profits soar

Turnover and profit at Leicester-based homewares retailer Dunelm rose sharply during the first half of its financial year, according to new posted figures this morning (February 10).

The company saw strong sales growth of 23% to £719.4m, while profit before tax rose by over 34% to £112.4m.

Meanwhile, digital sales grew by an impressive 111%.

Dunelm says it will resume dividend payments with an interim of 12p set to be paid out to shareholders.

Nick Wilkinson, chief executive, said: “Sales were particularly strong in the first quarter, before we had to navigate the various restrictions which impacted the remainder of the period. These restrictions have become more severe in the second half of our financial year, with all but one of our stores currently closed, although we continue to serve customers through our digital channels, which have significantly advanced during the last year.

“Beyond the near-term uncertainty, we have never been more confident about the future. Dunelm is a market leader with a challenger brand mentality, in a large and growing segment. We have a clear runway to grow active customers and their frequency across our total retail system and to realise our long-term ambitions.”

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