Trading Update

20 June 2019

Dunelm Group plc

Trading update

Dunelm Group plc has continued to see strong trading across its business and therefore expects the outturn for its financial year to 29 June 2019 to be ahead of the Board's previous expectations.

Since we last updated on 10 April 2019, we have seen very good year-on-year total like for like ("LFL") growth, particularly in May and June, reflecting both the soft comparator period (Q4 2018 Total LFL growth of 0.1%) and the unseasonably favourable weather conditions this year. 

As a result, the Board currently expects profit before tax for the year to be in the range of £124-126m (Underlying PBT 2018: £102.0m).

We will provide further details in our scheduled Q4 and year-end update on 10 July 2019.

Ends

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Next scheduled events:

FY19 Q4 and year-end trading update on 10^th July 2019 and preliminary results announcement on 4^th September 2019.

Notes to Editors

Dunelm was founded in 1979 as a market stall business, selling ready-made curtains. The first shop was opened in Leicester in 1984 and over the following years the business developed into a successful chain of high street shops before expanding, following the opening of the first Dunelm superstore in 1991, into broader homewares categories. Dunelm is now a multi-channel retailer, with Dunelm.com being launched in 2005 and the acquisition of the Worldstores Group in 2016 accelerating this further.   

Dunelm is market leader in the £13bn UK homewares market and active in the £11bn UK furniture market. It currently operates 171 stores, of which 169 are out-of-town superstores and two are located on high streets, and also trades online through Dunelm.com. Dunelm employs approximately 10,000 colleagues and sells around 30,000 product lines in store, increasing to around 60,000 online.

Dunelm, "The Home of Homes", offers a customer proposition of style, value, quality and ease of shopping. From its textiles heritage, in areas such as bedding, curtains, cushions, quilts and pillows, Dunelm has broadened its product range to a complete homewares offer including the likes of kitchenware, dining, lighting, seasonal, wall art and rugs. Dunelm is one of the few national retailers to offer an authoritative selection of curtain fabrics on the roll, and owns a specialist UK facility dedicated to producing made-to-measure curtains and blinds.

The product range includes many exclusive, own brand designs and owned premium brands such as Dorma and Fogarty. This is augmented by a range of other well-known brands and license agreements.

Dunelm has been listed on the London Stock Exchange since October 2006 (DNLM.L) and has a current market capitalisation of approximately £1.8bn.