AIM IP specialist Tekcapital to sell or float all four portfolio companies 'within 2 years'. Watch the full video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDunelm Share News (DNLM)

Share Price Information for Dunelm (DNLM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,475.00
Bid: 1,474.00
Ask: 1,476.00
Change: 11.00 (0.75%)
Spread: 2.00 (0.14%)
Open: 1,486.00
High: 1,486.00
Low: 1,446.00
Yest. Close: 1,464.00
DNLM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Dunelm Reports Double-Digit Profit Fall In Full-Year Amid Covid-19

Thu, 10th Sep 2020 09:22

(Alliance News) - Dunelm Group PLC on Thursday said its performance deteriorated over the past financial year amid store closures caused by coronavirus.

The home furnishings retailer said total sales fell by 3.9% in the 52 weeks to June 27 to GBP1.06 billion from GBP1.10 billion reported a year earlier, resulting in a 13% fall in pretax profit to GBP109.1 million from GBP125.9 million.

Dunelm explained that the reduction in profit reflects the impact of Covid-19 and the store closure period.

The company reported a robust balance sheet with year-end net cash of GBP45.4 million, access to GBP175 million of approved banking facilities, and confirmed Covid-19 corporate financing facility eligibility.

Dunelm reported strong recent trading, with total year-on-year sales growth of 59% in July and 24% in August, partly as a result of pent up demand, the timing of its summer sale and a resilient homewares market.

The company said it is "very difficult" to provide any meaningful guidance on the future outlook given the uncertainty in the wider economy and the potential impact of further regional or national lockdowns.

"We made good progress before the onset of Covid-19, building our digital capabilities, extending our product choice and value, and broadening and deepening our customer base," said Chief Executive Nick Wilkinson.

"We remain confident in our ability to adapt to the environment and are well positioned to continue to grow market share and help even more customers create a home they love," added Wilkinson.

FTSE 250-listed Dunelm shares were trading 1.4% lower in London on Thursday at 1,442.00 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News

UK Post Office ex-CEO quits Morrisons and Dunelm boards after IT scandal

LONDON, April 26 (Reuters) - The former boss of Britain's Post Office, Paula Vennells, stood down from the boards of retailers Morrisons and Dunelm on Monday after a miscarriage of justice resulted in sub-postmasters being wrongly prosecuted.Hun...

26 Apr 21 10:26

Former Post Office CEO Vennells leaves Morrisons and Dunelm boards

Former Post Office CEO Vennells leaves Morrisons and Dunelm boards

26 Apr 21 08:45

Vennells quits Morrisons and Dunelm after miscarriage ruling

(Sharecast News) - Morrisons and Dunelm said Paula Vennells stepped down as a non-executive director after presiding over a miscarriage of justice when she ran the Post Office.

26 Apr 21 07:36

LONDON MARKET CLOSE: FTSE 100 outperforms and FTSE 250 hits record

LONDON MARKET CLOSE: FTSE 100 outperforms and FTSE 250 hits record

8 Apr 21 17:08

LONDON MARKET MIDDAY: FTSE 100 hits one-year high on UK recovery hopes

LONDON MARKET MIDDAY: FTSE 100 hits one-year high on UK recovery hopes

8 Apr 21 12:14

TOP NEWS: Dunelm digital sales impress as annual profit tipped to grow

TOP NEWS: Dunelm digital sales impress as annual profit tipped to grow

8 Apr 21 08:50

LONDON MARKET OPEN: Stocks boosted by US Fed minutes; ASOS rises

LONDON MARKET OPEN: Stocks boosted by US Fed minutes; ASOS rises

8 Apr 21 08:48

LONDON BRIEFING: ASOS and Dunelm see lockdown online sales boom

LONDON BRIEFING: ASOS and Dunelm see lockdown online sales boom

8 Apr 21 08:15

LONDON MARKET PRE-OPEN: ASOS posts stellar earnings amid online boom

LONDON MARKET PRE-OPEN: ASOS posts stellar earnings amid online boom

8 Apr 21 07:45

Dunelm sees FY profit 'modestly ahead' of forecasts

(Sharecast News) - Homewares group Dunelm said it expected to finish the year "modestly ahead" of expectations as it reported a 16.8% fall in third quarter sales, reflecting the impact of the latest national Covid lockdown.

8 Apr 21 07:01

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

1 Apr 21 16:15

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

11 Mar 21 16:10

BROKER RATINGS: Unilever, Aggreko upgraded and Virgin Money UK cut

BROKER RATINGS: Unilever, Aggreko upgraded and Virgin Money UK cut

8 Mar 21 09:41

LONDON MARKET CLOSE: FTSE 100 Pulls Back After Start-Of-Week Surge

LONDON MARKET CLOSE: FTSE 100 Pulls Back After Start-Of-Week Surge

16 Feb 21 17:00

LONDON MARKET MIDDAY: Stocks Mixed; Miners Gain On Dividend Optimism

LONDON MARKET MIDDAY: Stocks Mixed; Miners Gain On Dividend Optimism

16 Feb 21 12:09

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.