Dunelm FY profits to beat expectations after strong online sales

Dunelm said on Thursday it expected to beat full year profits forecasts after the successful move to a new digital platform.

The British homeware retailer, which last year made pre-tax profits of £125.9m, added that it had maintained sales growth online and in stores during the transition period.

"We now have a modern, flexible, cloud-native platform that will be used to accelerate the development of our customer proposition," the company said in a trading update.

Meanwhile, gross margins were stronger than expected after sourcing gains and better sell through, with operational costs remaining under control and in line with expectations. Dunelm said it planned to release a more detailed update on 9 January.

Dunelm shares were 0.18% higher at 832.00p at 0804 GMT.