UK's Dunelm FY sales slightly beat estimates on summer living category growth
UK's Dunelm FY sales slightly beat estimates on summer living category growth
Overview
UK homewares retailer's FY26 sales rose 3.1%, slightly beating analyst expectations
Company expects FY26 profit before tax in line with consensus
Gross margin for the year rose to 52.5%
Outlook
Dunelm expects FY26 PBT to be in line with previous guidance and consensus of £210m
Company plans more store openings in FY27, targeting upper end of five to ten superstores
Dunelm continues to invest in digital channels and store estate to support growth
Result Drivers
CATEGORY PERFORMANCE - Strong trading in Summer Living category, both at full price and on promotion, supported Q4 sales growth
DIGITAL INVESTMENT - Growth in digital sales participation attributed to continued investment in digital ecosystem and app launch
COST CONTROL - Operating cost plans delivered, with benefits from productivity initiatives, marketing phasing, reduced business rates, and insurance income
Company press release: ID:nRSP5348Ma
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Sales | Slight Beat* | GBP 1.83 bln | GBP 1.82 bln (14 Analysts) |
FY Gross Margin |
| 52.50% |
|
FY Sales Growth |
| 3.10% |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the home furnishings retailers peer group is "buy"
Wall Street's median 12-month price target for Dunelm Group PLC is GBp1,080.00, about 32.1% above its July 15 closing price of GBp817.50
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)