Dunelm announces record profits amidst high homeware demand

Pre-tax profits at home furnishings retailer Dunelm reached record highs during the 26 weeks to 25 December 2021– increasing by just over 25 per cent to £140 million, up from £112 million year-on-year.

Total sales jumped by 10.6 per cent to £795.6 million during the half-year period, up from £718.4 million in 2020.

The company said that the strong results were driven by “continued outperformance of the market in both homewares and furniture”.

It added that trading to date in the second half, which includes its winter sale, is "encouraging" and said it expects that numbers will be in line with the recently upgraded expectations of £198 - £218 million, with consensus of £206 million.

“Together we have navigated another period filled with significant and evolving external challenges and delivered a very strong performance in the first half, with continued growth in customer numbers, further market share gains, record sales and particularly strong profitability,” said Nick Wilkinson, chief executive. "When we announced our interim results in 2020, we were weeks away from the world being turned upside down.

“Two years later, we are moving forwards as a bigger, better business, with more capability, more resilience, more ambition, and delivering accelerated growth.”

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