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Stock impact report

Dunelm Group Pretax Profit Rises on Resilient Sales Performance [MarketWatch]

DUNELM GROUP PLC U/ADR (DNLMY) 
NASDAQ:AMEX Investor Relations: corporate.dunelm.com
Company Research Source: MarketWatch
The soft-furnishing retailer said Wednesday that it made a pretax profit of 123.0 million pounds ($154.9 million) in the 26 weeks to Dec. 30, up 4.8% from GBP117.4 million in the same period a year prior. Advertisement The increase was mainly driven by a 4.5% increase in revenue to GBP872.5 million, which was boosted by growth in both sales volume and value, and market share gains. "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," Chief Executive Nick Wilkinson said. Dunelm raised its interim dividend to 16 pence from 15 pence, and declared a special dividend of 35 pence. For the fiscal year ending July 1, the FTSE 250-listed company expects to deliver a pretax profit in line with a market consensus of GBP202 million, within a range of GBP199 million to GBP207 million, based on a company-compiled consensus. Write to Christian Moess La Show less Read more
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