Dunelm shares rise 5% as retailer says profits will meet expectations
Published: 17:10 17 Apr 2025 AEST
Shares in Dunelm Group PLC (LSE:DNLM) rose 5% on Thursday morning after the homewares retailer said it expects profits for the 2025 financial year to be in line with market expectations, despite ongoing consumer uncertainty.
The homewares group reported a 6.3% rise in sales for the 13 weeks to 29 March, with growth across homewares and furniture categories. Digital sales accounted for 41% of the total, up four percentage points year-on-year.
It said gross margin improved by 30 basis points and stuck to full-year guidance of between 51.5% and 52%. Pre-tax profit is expected to land within the consensus range of £204mn to £214mn.
The company added that its new spring and summer collections had sold well and highlighted strong performance in its furniture ranges and continued momentum in Click & Collect. Two new stores opened during the period, bringing the total estate to 200.
Dunelm said it remained cautious about the economic outlook but was confident in its strategy and ongoing market share gains.
