Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen 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: 1,132.00
Bid: 1,129.00
Ask: 1,131.00
Change: 23.00 (2.07%)
Spread: 2.00 (0.177%)
Open: 1,123.00
High: 1,132.00
Low: 1,110.00
Prev. Close: 1,109.00
DNLM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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

Thu, 08th Apr 2021 08:50

(Alliance News) - Dunelm Group PLC on Thursday hailed its "resilient" third quarter as e-commerce growth helped spare the homewares retailer from a steeper sales decline during a period where its brick and mortar stores were hurt by Covid-19 lockdowns.

The FTSE 250 constituent expects annual profit to be at the top end of analyst estimates, should the company be spared from further virus restrictions.

Shares in the company were 2.5% higher at 1,381.00 pence each in London on Thursday morning, among the best midcap performers.

In the 13 weeks to March 27, total sales fell GBP236.6 million from GBP284.4 million a year earlier. Online accounted for just over 92% of Dunelm's sales during the period, compared to 23% a year earlier.

Dunelm's digital offering helped soothe the pain of store closures.

The company said: "We began the quarter on December 27, 2020 with 80 stores closed to customers, then increasing tiered restrictions led to further closures at the start of the new calendar year and the entire estate of 174 stores was closed by January 5, 2021.

"We have been permitted to offer click & collect services during the closure period in all stores, with the exception of five stores in Northern Ireland. Click & collect has allowed us to cover approximately 35% of prior year store sales, with our customer net promoter score of 83% demonstrating the positive response to our proposition."

For the year to date, Dunelm's sales are 10% to GBP956.0 million from GBP869.4 million.

Dunelm said its gross margin rose by 30 basis points during the quarter, this was mainly due to reduced promotional activity over the winter period. And looking to the fourth quarter, easier comparatives loom.

"Assuming stores re-open as expected and there are no further disruptions this financial year, we expect that gross margin in the fourth quarter will be ahead of the same period last year given that the prior year period was disrupted by the store closures in the first national lockdown," Dunelm said.

The company expects to see supply chain "disruption", in line with others in the retail sector.

Dunelm added: "We are anticipating a strong consumer response to the lifting of the restrictions; our stores are well stocked and ready for re-opening and our colleagues are excited to welcome customers back."

Assuming there are no further virus restrictions, Dunelm expects its annual performance to be at the "top of the current range of analyst expectations". The pretax profit range currently stands at between GBP120 million and GBP125 million. In financial 2020, it posted a pretax profit of GBP109.1 million.

Dunelm cautioned that there is "still a range of potential outcomes for [financial] 2021".

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
Today 15:01

Berenberg downgrades DFS, prefers Dunelm

(Sharecast News) - Analysts at Berenberg downgraded their recommendation for shares of DFS Furniture from 'buy' to 'hold' on anticipation that management's guidance for improved demand in mid-2024 would prove premature.

Read more
14 Mar 2024 16:33

London close: Stocks fall as US inflation tops forecasts

(Sharecast News) - London's equity markets finished in negative territory on Thursday, driven by a flurry of stocks going ex-dividend and investor reactions to the latest US producer inflation and jobless data.

Read more
7 Mar 2024 16:03

UK dividends calendar - next 7 days

Friday 8 March 
Aberforth Smaller Cos Trust PLCdividend payment date
Aberforth Split Level Income Trust PLCdividend payment date
Avon Protection PLCdividend payment date
Baronsmead Second Venture Trust PLCdividend payment date
Baronsmead Venture Trust PLCdividend payment date
Blackstone Loan Financing Ltddividend payment date
GCP Infrastructure Investments Ltddividend payment date
Majedie Investments PLCdividend payment date
Paragon Banking Group PLCdividend payment date
PRS REIT PLCdividend payment date
Renew Holdings PLCdividend payment date
Residential Secure Income PLCdividend payment date
S & U PLCdividend payment date
SSE PLCdividend payment date
Troy Income & Growth Trust PLCdividend payment date
Monday 11 March 
no events scheduled 
Tuesday 12 March 
Invesco Perpetual UK Smaller Cos Investment Trust PLCdividend payment date
Wednesday 13 March 
Tharisa PLCdividend payment date
Thursday 14 March 
abrdn PLCex-dividend payment date
abrdn UK Smaller Cos Growth Trust PLCex-dividend payment date
Alpha Real Trust Ltdex-dividend payment date
Anglo American PLCex-dividend payment date
Apax Global Alpha Ltdex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Brooks Macdonald Group PLCex-dividend payment date
CRH PLCex-dividend payment date
Dunelm Group PLCex-dividend payment date
Entain PLCex-dividend payment date
Ferguson PLCex-dividend payment date
Fiske PLCex-dividend payment date
Galliford Try Holdings PLCex-dividend payment date
Haleon PLCex-dividend payment date
Heavitree Brewery A PLCex-dividend payment date
Heavitree Brewery PLCex-dividend payment date
JPMorgan Emerging Markets Invest Trust PLCex-dividend payment date
Lancashire Holdings Ltdex-dividend payment date
LPA Group PLCex-dividend payment date
Merchants Trust PLCdividend payment date
Murray Income Trust PLCdividend payment date
NatWest Groupex-dividend payment date
Real Estate Credit Investments Ltdex-dividend payment date
Treatt PLCdividend payment date
Tritax EuroBox PLC dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
16 Feb 2024 09:51

LONDON BROKER RATINGS: Barclays starts Dowlais at 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
14 Feb 2024 16:53

LONDON MARKET CLOSE: Investors celebrate steady UK inflation

(Alliance News) - Stock prices in London closed higher on Wednesday, after data showed that the UK's annual inflation rate was steady last month, defying expectations of an acceleration.

Read more
14 Feb 2024 15:23

London close: Stocks rise as UK inflation holds steady

(Sharecast News) - London markets ended the day on a positive note on Wednesday as housebuilders rallied, following data indicating that UK inflation remained steady in January.

Read more
14 Feb 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 outperforms as UK inflation undershoots

(Alliance News) - Stock prices in London were higher on Wednesday afternoon, taking confidence from a more favourable than expected UK inflation reading, which supported shares in housebuilders.

Read more
14 Feb 2024 09:00

Dunelm lowers special dividend despite interim profit growth

(Alliance News) - Dunelm Group PLC on Wednesday said that it had kept trading in line with market expectations for the full-year, despite conditions remaining challenging for the retail sector.

Read more
14 Feb 2024 07:59

CORRECT: United Utilities hit by storms; Severn Trent bullish

(Correcting to clarify that stocks are called to open higher on Wednesday.)

Read more
14 Feb 2024 07:48

LONDON BRIEFING: United Utilities hit by storms; Severn Trent bullish

(Alliance News) - Equities in London are called to open lower on Wednesday, after a morale-boosting UK inflation reading.

Read more
14 Feb 2024 07:04

Dunelm rewards shareholders as H1 profits, sales rise

(Sharecast News) - UK furniture and homewares chain Dunelm lifted its dividend and declared a special payout after a rise in interim profits and sales amid volatile trading conditions.

Read more
7 Feb 2024 15:53

UK earnings, trading statements calendar - next 7 days

Thursday 8 February 
Anglo American PLCTrading Statement
AstraZeneca PLCFull Year Results
British American Tobacco PLCFull Year Results
Compass Group PLCTrading Statement
SSE PLCTrading Statement
Unilever PLCFull Year Results
Friday 9 February 
Bellway PLCTrading Statement
S&U PLCTrading Statement
Victrex PLCTrading Statement
Monday 12 February 
no events scheduled 
Tuesday 13 February 
no events scheduled 
Wednesday 14 February 
Coca-Cola HBC AGFull Year Results
Dunelm PLCHalf Year Results
Pan African Resources PLCHalf Year Results
Severn Trent PLCTrading Statement
United Utilities Group PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
1 Feb 2024 09:03

LONDON BROKER RATINGS: Barclays cuts Next; JPMorgan raises easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
18 Jan 2024 10:17

Dunelm set to meet profit expectations on higher half-year sales

(Alliance News) - Dunelm Group PLC on Thursday said it is on track to meet market expectations for profit after seeing sales growth in the first half of its financial year.

Read more
18 Jan 2024 07:54

Dunelm sees FY in line on strong sales but warns on volatility

(Sharecast News) - UK furniture and homewares retailer Dunelm said it expected full-year profit to be in-line with market expectations, as demand remained strong despite the cost of living crisis that has seen consumers rein in spending.

Read more

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.