Dunelm Group PLC

DNLM

Equity

ISIN GB00B1CKQ739 / Valor 2754546

LSE London Stock Exchange, SETS (2024-12-10)

GBP 11.27-0.27%

Dunelm Group PLC
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About company

Dunelm Group PLC is the UK's market leader in homewares, providing a unique and specialized range of products through a retail network that includes physical stores and online channels. The company offers a variety of homeware products and services, focusing on providing customers with a friendly and convenient shopping experience.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Total Sales Growth

Dunelm Group PLC reported a strong sales growth of 4.5% for the 26 weeks ended 30 December 2023, with total sales increasing to £872.5 million compared to £835.0 million in the same period last year. This growth was driven by an increase in market share in both the homewares and furniture markets.

Profit Before Tax

For the first half of FY24, Dunelm Group PLC's profit before tax (PBT) increased by 4.8%, reaching £123.0 million, up from £117.4 million in the previous year. This improvement in profitability reflects the company's strong sales performance and effective cost management strategies.

Gross Margin Improvement

Dunelm Group PLC achieved a gross margin of 52.7% for the 26 weeks ended 30 December 2023, an increase of 160 basis points from the previous year's 51.1%. This improvement was attributed to promotional discipline while continuing to offer outstanding value to customers.

Dividend Increase

The company declared an interim dividend of 16p per share, a 7% increase from the 15p per share declared in the same period last year. Additionally, a special dividend of 35p per share was announced to return to the target leverage range of 0.2× - 0.6× net debt:EBITDA.

Digital Sales Contribution

Digital sales accounted for 36% of Dunelm Group PLC's total sales in the first half of FY24, up from 34% in the same period last year. This growth in digital sales highlights the company's continued investment in its online and digital channels, enhancing the overall customer experience.

Summarized from source with an LLMView Source

Key figures

6.62%1Y

-16.8%3Y

3.31%5Y

Performance

28.0%1Y

31.1%3Y

37.4%5Y

Volatility