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Dunelm stockpiling amid Brexit uncertainty

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Home furnishing retailer Dunelm saw revenue soar for the first six months of their financial year, they also warned they are stockpiling amid Brexit uncertainty.

Like for like revenue went up 6.9% to £506.7m, and profit before tax grew 14% to £70m, overall revenue rose by 1.2% to £551.8m.

Nick Wilkinson chief executive for Dunelm said, “The like-for-like revenue growth, both in stores and online, demonstrates the progress we are making in improving our multichannel proposition whilst maintaining the breadth and depth of our specialist customer offer in homewares.

“On top of this, good operational discipline and keeping things simple, is driving a better financial performance.”

“As previously highlighted, we are cautious about the outlook for the remainder of the financial year due to the continuing political uncertainty in the UK.

“Looking to the future, we will continue to grow the business as we become a truly multichannel homewares destination, making Dunelm the first choice for even more customers, and further strengthening our market leading position.”




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