RE: Great Brand.Great Run Company Obviously20 Oct 2022 09:05
Dunelm reported a dip in first quarter sales. For the 13 weeks to October 1, total sales for the furniture retailer came in at GBP357 million, down 8% from the previous year. This was "as expected, given the very strong comparative period, with Q1 last year benefiting from pent up demand and our rescheduled Summer Sale", it explained. Looking ahead, it noted a "challenging" macroeconomic environment, including recent volatility in exchange rate movements. However, Dunelm said it is "very well hedged" for the remainder of the year. It reiterated the annual guidance from last month.