logo
Plus   Neg
Share
Email

Dunelm H1 Pre-tax Profit Up; Sees FY Profit Slightly Ahead Of View

Dunelm Group plc (DNLM.L), a homewares retailer, reported Wednesday that its first-half profit before tax increased 19.4 percent to 83.6 million pounds from 70.0 million pounds last year. Earnings per share grew 20.7 percent to 33.2 pence from 27.5 pence in the prior-year period.

Revenue for the half year grew 6.0 percent to 585.0 million pounds from 551.8 million pounds in the year-ago period.

The company recorded like for like revenue growth of 5.6 percent, with 2.2 percent growth in LFL stores and 33.2 percent growth in LFL online.

Looking ahead to fiscal 2020, Dunelm said it expects profit before tax to be slightly ahead of the top of the latest range of analyst expectations, as the third quarter started well, with a successful Winter Sale across the total retail system.

Dunelm added that to date, it has not assumed any material disruption to its supply chain or any financial impact in the year from the coronavirus outbreak.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Global PC shipments returned to growth in the second quarter of 2020 after seeing a significant decline in the preceding first quarter due to COVID-19 related supply-chain disruptions, according to reports by two research firms. The PC market returned to growth in the quarter as production ramped up and vendors restocked their supplies to near-normal levels. The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand. WHP Global and a venture backed by Authentic Brands Group LLC and Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global owns the ANNE KLEIN and JOSEPH ABBOUD brands. Sundial Herbal Products has recalled around 65 products, which were misbranded and currently unapproved drugs, the U.S. Food and Drug Administration said in a statement. The recall follows an order by a federal judge in June to stop distributing the company's unapproved new drugs. The affected items include herbal products and dietary supplements.
RELATED NEWS
Follow RTT