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Dunelm - High growth ambition for home delivery

September 2020

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.

Dunelm closed all its 173 stores on 24 March but over the last few weeks, store activity has been rebuilt with most stores reopened. Versus last year, sales went from being down 78% in April over lockdown to up 20% in June as it benefited from pent up demand and a well received sale. Consumers are clearly focused on home related spending in lieu of holidays this year and Dunelm says its home delivery fulfilment has exceeded previous record levels in every week since April whilst its supplier partners have increased their 'direct to customer' fulfilment capacities to 4x pre-crisis levels. Consequently, Dunelm said sales for the year to end June came in only down 3.9%, which is an amazing outcome. Gross margins were up 70 bas ...

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Dunelm (November 2021)

Dunelm (March 2021)

Dunelm - Strong Q2 performance and forecasts upgraded (February 2020)

Dunelm - Trading ahead of expectations (July 2019)

Dunelm - Shares soar to 52-week high (February 2019)

Dunelm - Strengthens online proposition (December 2018)

Dunelm (August 2018)

Dunelm (June 2018)

Dunelm - Q3 online sales +36% (May 2018)

Dunelm (March 2018)

Dunelm - Excellent Q1 update (November 2017)

Dunelm - Q4 shows early signs of improvement (August 2017)

Dunelm - Follow directors lead and buy (March 2017)

Dunelm (November 2016)

Dunelm (October 2016)

Dunelm (August 2015)

Dunelm (May 2015)

Dunelm - Becoming a great total return stock (March 2015)

Dunelm (August 2014)

Dunelm (October 2013)

Dunelm - Homeware supremo targets 300 stores (August 2013)

Dunelm (February 2013)

Dunelm - 32.5p a share special dividend (October 2012)

Dunelm - Rain-sodden consumers buy more homewares (August 2012)

Dunelm (February 2012)

Dunelm (November 2011)

Dunelm (October 2011)

Dunelm (August 2011)

Dunelm (May 2011)

Dunelm - First ever downgrade to profits as snow hits hard (February 2011)

Dunelm - Shares rocket after Q1 trading update (November 2010)

Dunelm (October 2010)

Dunelm - Future growth driven by new space (August 2010)

Dunelm (June 2010)

Dunelm - Proposes a 21.5p special dividend (March 2010)

Dunelm - Ahead of expectations (December 2009)

Dunelm - Solid prospects drive shares higher (November 2009)

Dunelm - Astonishing 16.1% like-for-like sales growth in the first 10 weeks (October 2009)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

Dunelm - High growth ambition for home delivery

September 2020

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