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Dunelm Group PLC (DNLM.L)

DNLM.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Dunelm says Q3 LFL trading down 2.2 pct
Wednesday, 12 Apr 2017 02:00am EDT 

Dunelm Group Plc : Q3 trading update . Total revenue for q3 rose by 11.4 pct to 255.1 mln stg . Q3 total revenue, excluding Worldstores, rose by 1.0 pct to 231.3 mln stg . Q3 total like-for-like (LFL) growth (combining LFL stores and home delivery) declined by 2.2 pct. . Expect approximately 1.5 pct of LFL sales to move from third to Q4 . Broadly nets off with 1.7 pct of LFL sales that moved from Q2 to Q3 as a result of timing of our winter sale compared to last year. . Continue to see strong growth in online business, including a 21.0 pct increase in home delivery sales for quarter . Dunelm's gross margin percentage (excluding Worldstores) for quarter increased by approximately 75bps . Reflects a short-term benefit, and we expect half of this benefit to continue into Q4 . Integration of Qorldstores is going well . Run rate of gross margin going into next financial year is expected to be broadly flat compared to same time last year. . We continue to expect that business will be at least break-even in Dunelm's financial year ending June 30 2018. . As at April 1 2017, net debt was approximately 117 mln stg. . We opened two new stores in period leaving our Superstore footprint at 159 stores, a total increase of seven openings so far this year . We have completed six store refits within year to date and have at least five planned for remainder of financial year. . As a result, our expectations for full year remain unchanged..  Full Article

Dunelm says HY sales up 2.8 percent
Wednesday, 8 Feb 2017 01:30am EST 

Dunelm Group Plc : Half yearly report . Interim dividend increased by 8.3 pct to 6.5p per share (fy16: 6.0p per share) . Operating profit before exceptional costs for period was £66.3m (fy16 h1: £75.6m), a decrease of £9.3m (-12.3 pct) . Operating profit margin before exceptional costs was 14.4 pct, 247bps lower than fy16 h1 . Operating profit for period was £57.0m due to exceptional operating costs of £9.3m (fy16 h1: £nil) . Profit before tax and exceptional costs was £65.2m (fy16 h1: £75.5m), a reduction of 13.6 pct year on year . Profit before tax (pbt) after exceptional costs reduced by 26.0 pct to £55.9m . Hy sales at £460.5m versus £448.1m . Hy ebitda at £71.4m versus £88.7m . Hy first half saw total sales increase 2.8 pct, whilst like-for-like sales decreased by 1.6 pct . Unusually warm weather in q1 reduced store footfall . Q2 saw an improvement in performance in our stores and customers responded very well to our enhanced seasonal product lines, especially our new christmas offer . Online also grew consistently through half at around 20 pct . Despite these issues, we continued to take market share, helped by five new stores as well as our online growth. . All of above resulted in a reduction in operating profits excluding exceptional items of 12.3 pct..  Full Article

Dunelm Group says Q1 revenue down 1.8 percent
Thursday, 6 Oct 2016 02:00am EDT 

Dunelm Group Plc : First quarter trading update . Q1 total revenue fell by 1.8 pct to 198.7 million pounds. . Q1 total like-for-like (LFL) growth (combining LFL stores and home delivery) decreased by 3.8 pct. . As at 1 st October 2016, net debt was approximately 83 million pounds.Continue to see good growth in online business, including a 17.9 pct increase in home delivery sales . Overall, we believe that we are continuing to outperform homewares market as a whole . Gross margin is estimated to be broadly flat when compared to equivalent quarter last year . Daily average net debt across period amounted to 76.5 million pounds. ."We are looking forward to a stronger Q2 as we continue to invest in extra seasonal space, new till systems, store refits and new store openings".  Full Article

Dunelm sees full year profit before tax in-line with expectations
Thursday, 7 Jul 2016 02:33am EDT 

Dunelm Group Plc : Trading update for final quarter and for financial year ended July 2 2016. . Underlying LFL performance was up 2.9 pct for 13 weeks to July 2 2016 . Good Easter performance helped by being earlier in calendar . Gross margin for quarter was approximately 80bps higher than comparator period . Group remains strongly cash generative . Total like-for-like (lfl) growth (combining lfl stores and home delivery) decreased by 0.6 pct . Total revenue for Q4 grew by 1.8 pct to 203.8 mln stg . Continuing good growth in on-line business, including a 16.8 pct increase in home delivery sales . We anticipate that profit before tax for 52 weeks ended July 2 2016 will be in line with market expectations .Our net debt at year-end is expected to be in region of 80 mln stg.  Full Article

Dunelm Group gives FY 2015 pre tax profit guidance in line with analysts' estimates
Thursday, 9 Jul 2015 02:00am EDT 

Dunelm Group PLC:Anticipates profit before tax for the 52 weeks ended June 27th will be within the range of 119 -123 mln pounds and for the 53 weeks ended July 4th, within the range of 121-125 mln pounds.FY 2015 pre tax profit of 122 million pounds - Thomson Reuters I/B/E/S.  Full Article

Dunelm Group announces appointment of CFO
Thursday, 9 Jul 2015 02:00am EDT 

Dunelm Group PLC:Says Keith Down, currently Chief Financial Officer of The Go-Ahead Group plc, will succeed David Stead as CFO in December.David to retire from the Board in early 2016.  Full Article

Dunelm Group Plc announces Board Changes
Friday, 26 Jun 2015 02:00am EDT 

Dunelm Group Plc:John Browett will join board on July 1 as Chief Executive Designate, and will become Chief Executive Officer on Jan. 1, 2016, following six month induction period working with Will Adderley, currently CEO.  Full Article

More From Around the Web

UK retailer Dunelm Q3 sales fall as market for homewares weakens

April 12 British retailer Dunelm Group Plc said the market for homewares continues to weaken as it reported a 2.2 percent fall in total comparable sales for the third quarter.