Picture of Dunelm logo

DNLM — Dunelm News Story

0.000.00%
gb flag iconLast trade - 00:00
Consumer CyclicalsBalancedMid CapNeutral

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.)

Recent news on Dunelm

See all news