Dunelm guides toward higher full-year profits
By Alexander Bueso
Date: Wednesday 10 Jul 2019
(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.
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