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Dunelm - Q4 shows early signs of improvement

August 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • DNLM
  • Price:
  • 604p
Dunelm’s Q4 to end July saw LFL sales beat expectations even though the company said Easter did not provide the expected sales boost (Easter on Easter sales were down 7%).Overall Q4 sales were +6.7% for Dunelm and +17.7% including Worldstores leaving turnover for 2017 at £955.6m. Dunelm has pushed more stock and range options through the business, particularly within seasonal, which has boosted sales performance, although gross margins are slightly softer for the quarter (-75bps).Dunelm is on track to open an extra seven stores and behind the scenes, the Worldstores integration process is on track. Dunelm is now largely using Worldstores’ 2-man delivery service and furniture ranges to enhance its own online ...

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