Revenue and profits rise at ‘excited’ Dunelm
Leicester homewares giant has revealed “strong” trading figures this morning (February 14).
An interim update for the half-year to the December 30 showed that sales rose by 4.5% to £872.5m, while profit before tax was up by almost 5% to £123m.
The firm said it was “pleased” with trading so far in its second half.
Nick Wilkinson, chief executive officer, said: “In the past six months we have kept our customers front of mind, ensuring our broad offer has value at its core whilst also expanding our ranges, introducing new styles, and improving the experience across our store and digital channels.
“This has been particularly important in a more difficult trading environment and has resulted in another strong sales performance combined with market share gains. Despite ongoing pressures on consumers, we are encouraged by the wide variety of new customers shopping with Dunelm, and existing shoppers also coming back more frequently. Alongside the positive sales performance we have delivered a very strong gross margin, which is testament to our tight operational control and the inherent strength of our business model.
“As we move towards Spring and customers look to freshen up their homes, our specialist proposition continues to resonate strongly and, in a dynamic retail environment, we are relentlessly focused on evolving and investing in our business to ensure we remain relevant to further increase our broad appeal. We have never been more excited about our future as we build trust in our offer and identity as the Home of Homes.”
