Monday, September 23, 2024

Dunelm hails record performance

Dunelm, the Leicestershire-based homewares retailer, has reported strong sales growth and record pre-tax profits in its interim results for the 26 weeks to 25 December 2021.

In its first half, total sales grew by 10.6% (36% on a two year basis) to £795.6m, up from £719.4m in the same period of the year prior. Dunelm noted that digital sales made up 33% of total sales in the half and performance in stores was also “very encouraging.”

Meanwhile the company delivered record profit before tax of £140.8m, up 25.3% from £112.4m.

Nick Wilkinson, Chief Executive Officer, said: “I would like to express my sincere appreciation to all my colleagues and our committed supplier partners for their adaptability and achievements and for living our Dunelm shared values every day.

“Together we have navigated another period filled with significant and evolving external challenges and delivered a very strong performance in the first half, with continued growth in customer numbers, further market share gains, record sales and particularly strong profitability.

“When we announced our interim results in 2020, we were weeks away from the world being turned upside down. Two years later, we are moving forwards as a bigger, better business, with more capability, more resilience, more ambition, and delivering accelerated growth.

“We have not only worked hard and innovated to enhance our customers’ experience across all channels and categories, but have also continued to develop our customer proposition and capabilities at pace to support our future growth.

“Our product range is now broader and better than ever, with an increasing focus on sustainability, as demonstrated in our new collection which has been curated in collaboration with the Natural History Museum.

“We look to the future excited, energised and eager to continue being our customers’ 1st choice for home.”

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