Dunelm Group reported its third quarter results for the 13-week period ended 13 March 2019 on Thursday, causing shares to bounce.
The homeware retailer said that revenue increased 12.5% year-on-year to £264.6 million, on the back of higher online sales.
Dunelm Group also enjoyed a stronger performance thanks to the closure of its Worldstores and Kiddicare websites.
Despite acknowledging continued political and economic uncertainty, the company said that withstanding no shifts in demand, they do not expect this to significantly affect the remainder of the year.
As such, the company said it excepts to report full-year profit before tax ‘slightly ahead of the top of the range of current analysts’ forecasts’.
Nick Wilkinson, Dunelm’s Chief Executive also commented on the latest results:
“We are delighted that customers continue to respond well to our improving homewares offer as we help them create a home they love. The strong growth in the third quarter reflects our ongoing focus on attracting more customers to the brand and giving them more reasons to shop with us through great product and service. Our performance was also buoyed by a positive homewares market.
“Our multichannel proposition is improving all the time and we are excited about the opportunities ahead of us as we continue to invest in and develop our digital capabilities.”
Dunelm has 170 stores across the U.K.
It is publicly listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Shares in Dunelm (LON:DNLM) are currently up +2.25% as of 13:11PM (GMT).
