Dunelm Group PLC (LON:DNLM) has announced its Preliminary Results for the year to June 2018.
The report includes some noteworthy highlights. Firstly, the leading UK homewares retailer has seen an increase in its total revenue by 9.9%. In 2017, the figure was £955.6 million. This has increased to £1.1 billion. Next, it has reported a strong growth in LFL online, with home delivery sales up by 37.9%. Moreover, the company has reported the opening of ten new superstores in the year, adding 6.1% new space.
Full year dividend has increased by 1.9% to 26.5p per share. This reflects a strong cash generation and robust balance sheet.
Founded in 1979, Dunelm opened its first superstore in 1991. Currently, Dunelm is a multi-channel retailer with its online website launching in 2005.
The UK homewares market is currently valued at £13 billion and Dunelm is a leading company in this industry. Today, it operates 172 stores with 169 of these being out-of-town superstores. The company employs around 10,000 workers. In addition, it sells 30,000 products in store, increasing to roughly 55,000 online.
Chief Executive Officer, Nick Wilkinson, commented: “Following healthy sales growth over the past year, we are now taking steps to simplify the business under the core Dunelm brand, with one web platform and an integrated supply chain. This will allow us to respond more quickly to the changing consumer environment and drive future profitable growth.
“The UK retail environment remains challenging, but against this difficult background we have traded in line with expectations during the current financial year to date.”
At 12:18 BST Dunelm shares were trading at +5.59%.
