Dunelm Group plc Trading Update (0602Z)
19 Mayo 2021 - 1:00AM
UK Regulatory
TIDMDNLM
RNS Number : 0602Z
Dunelm Group plc
19 May 2021
19 May 2021
Dunelm Group plc
Trading update
Dunelm Group plc ("Dunelm" or "the Group"), the UK's leading
homewares retailer, provides an update on recent trading for the
first seven weeks of the fourth quarter (commencing 28 March
2021).
Total sales increased by 59% on a 2-year basis against the
equivalent period in FY19 (noting that stores were closed in the
comparative FY20 period). Sales growth has been very strong since
the majority of our stores re-opened on 12(th) April and we
continue to see good digital growth from our home delivery and
Click & Collect channels.
This high sales growth reflects the strength of our customer
proposition and a variety of other factors including pent up demand
following the extended store closure period, a buoyant homewares
market and some benefit from the unseasonably cold Spring weather.
In the five weeks s ince our stores re-opened, we have performed
significantly ahead of the market [1] .
As a result of this recent performance, the Board expects full
year profit before tax (PBT) will be significantly ahead of the
latest range of analysts' expectations [2] . Whilst there is still
some uncertainty in the short-term outlook, we anticipate FY21 PBT
will be in excess of GBP148m.
This announcement contains inside information as defined in EU
Regulation No. 596/2014 and is in accordance with the Company's
obligations under Article 17 of that Regulation. The person
responsible for this announcement is Laura Carr, CFO.
For further information please contact:
Dunelm Group plc investorrelations@dunelm.com
Nick Wilkinson, Chief Executive Officer
Laura Carr, Chief Financial Officer
MHP Communications 07709 496 125
Simon Hockridge / Rachel Mann / Pete Lambie dunelm@mhpc.com
Next scheduled event:
Dunelm expects to release its fourth quarter trading update on
14 July 2021.
Notes to Editors
Dunelm was founded in 1979 as a market stall business, selling
ready-made curtains. The first shop was opened in Leicester in 1984
and over the following years the business developed into a
successful chain of high street shops before expanding, following
the opening of the first Dunelm superstore in 1991, into broader
homewares categories. Dunelm is now a multi-channel retailer, with
dunelm.com being launched in 2005.
Dunelm is market leader in the GBP14bn UK homewares market and
active in the GBP12bn UK furniture market. It currently operates
175 stores, of which the majority are out-of-town, and trades
online through dunelm.com . Dunelm employs approximately 10,000
colleagues and sells approximately 50,000 product lines (including
store and online exclusives).
Dunelm, 'The Home of Homes', offers a customer proposition of
style, value, quality and ease of shopping. From its textiles
heritage, in areas such as bedding, curtains, cushions, quilts and
pillows, Dunelm has broadened its product range to a complete
homewares offer including the likes of kitchenware, dining,
lighting, seasonal, wall art and rugs. Dunelm is one of the few
national retailers to offer an authoritative selection of curtain
fabrics by the metre and owns a specialist UK facility dedicated to
producing made-to-measure curtains and blinds.
The product range includes many exclusive, own brand designs and
owned premium brands such as Dorma and Fogarty. This is augmented
by a range of other well-known brands and licence agreements.
Dunelm has been listed on the London Stock Exchange since
October 2006 (DNLM.L) and has a current market capitalisation of
approximately GBP3bn.
[1] Based on management's estimates using weekly GfK Homewares
market data.
[2] Management understand the range of analysts' estimates
(which have been updated since the Q3 trading statement on 8(th)
April 2021) for FY21 Profit Before Tax (PBT) is
GBP128m-GBP134m.
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END
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