The cost of living crisis, supply chain issues and the ongoing fallout from the pandemic are unlikely to affect Dunelm, which today reported a 69% jump in sales despite “difficult” economic hardship.
The furniture retailer, advertised by Holly Willoughby, above, reported £399 million in revenue for the 13 weeks ended March 26 and predicts “sustainable growth” across its operations business.
CEO Nick Wilkinson said the retailer registered another “good quarter” across all homeware categories as customers get their homes and gardens ready for the summer.
“While the macro environment remains uncertain, with significant headwinds and growing pressures on consumers, our diverse product line offers choices for consumers,” said Wilkinson. every budget.
He added that the resilience of Dunelm’s business model has given the company confidence in its plans to “continue to increase market share”.
In February, Wilkinson warned that the retailer was likely to “accelerate” price hikes over the next few months amid rising costs, including higher fuel prices for Dunelm’s delivery service. energy bills and employee wage inflation.
He added that the retailer’s new facilities for e-commerce and furniture supply are now fully operational, which would raise the recommendation. Dunelm’s multi-channel.
The Company disclosed that the Group had a net debt of £14 million compared with £40 million in net cash in the same period last year after paying a special dividend of £75 million announced in interim results. in February, when the Leicestershire-based business revealed that pre-tax profits had skyrocketed by more than a quarter to £140.8 million in the six months to Christmas Day.