Summer washout boost for Dunelm
Out-of-town homewares chain Dunelm has rolled out a 15% jump in profits after the miserable summer weather gave it an £8m sales boost.
The group, which has 127 stores and has a long-term target for as many as 200, described its performance as robust after revenues rose 12% to £603.7m and pre-tax profits hit £96.2m in the year to June 30.
Dunelm opened 14 new superstores in the year and grew like-for-like sales by 3.1%, helped by the poor weather driving shoppers into its outlets. It has added four new stores since the end of June - in Cambridge, Oxford and Barnstaple - and is contractually committed to another nine.
Store refits mean half of its superstore estate has been improved in the past three years, while Dunelm continues to boost online demand after multi-channel sales contributed 3% of revenues in the final quarter. There was no update from Dunelm on recent trading.