Dunelm has hailed “another strong performance” for its latest financial year, despite a backdrop of increasing input cost prices and high general inflation.
In a trading update the Leicestershire homewares retailer reported robust sales of £1.64bn in a challenging consumer environment – 6% higher than the year prior and nearly 50% higher than the last full year before any impact from Covid.
Meanwhile, profit before tax for the full year is expected to be slightly ahead of current analysts’ consensus of £188m.
Nick Wilkinson, Chief Executive Officer, said: “The breadth and relevance of our product offer has continued to resonate with our home-loving customers over the last quarter of the year. This has been reflected in our strong financial performance despite the challenging broader consumer backdrop.
“Against this backdrop, our commitment to value is stronger than ever. During the quarter we lowered prices on over 1,000 lines, and our customers were also able to take advantage of great offers in our Summer Sale.
“We have a strong business model, with committed colleagues and suppliers, who strive every day to improve our customer proposition. We continue to focus on further strengthening our product mastery, developing our stores, enhancing our digital channels, and building out our marketing ecosystem, in order to create an even better experience for our customers. With these improvements to our customer proposition and business capabilities we see a compelling opportunity for sustainable and profitable growth and are confident about the future.”
