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Dunelm revenue up 5.9% in third quarter

Homewares retailer Dunelm grew its like-for-like sales by 1.1% in its third quarter as revenue rose by 5.9% to £229 million.

GENERAL MERCHANDISE

Dunelm revenue up 5.9% in third quarter

Homewares retailer Dunelm grew its like-for-like sales by 1.1% in its third quarter as revenue rose by 5.9% to £229 million.

In the 13 weeks to 2 April, like-for-like sales in stores edged up 0.8% while online sales climbed by 27.6%.

Dunelm said like-for-like growth in the period was reduced by around 4.9%, or £10 million, due to it having six days less of its winter sale after the prior year included a 53rd week. This was partially offset by the timing of Easter this year which contributed 1% towards the like-for-like performance.

The company said the sales performance in the quarter reflected strong footfall in stores driven by the winter sale, its ongoing store portfolio expansion programme, and growth in online sales.

Dunelm opened one new superstores in the 13 weeks and completed a number of medium-sized refits. It expects to open two new stores and close two in the remainder of the financial year to leave the number of superstores at 152 at the year-end

John Browett, Dunelm chief executive, said: "We are pleased with the strong underlying sales growth during the last quarter following the unhelpful, mild conditions experienced in Q2. Overall we continue to increase our homewares market share.

"We have enjoyed a good Easter, are looking forward to a successful final quarter and are confident of achieving our expectations for the full year.

"We continue to work hard on delivering our key projects across the business and remain excited about substantially improving the business for our customers, both in store and online, over the medium term, and developing Dunelm into a truly national homewares brand."

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