Dunelm warned that the economic environment remained “extremely challenging” amid the cost of living crisis.
September 14, 2022 10:57 am
However, it warned that the economic environment remained “extremely challenging” amid the cost of living crisis. Group sales surged by 18 per cent to £1.55bn in the year to the start of July, surpassing pre-pandemic levels once again, while pre-tax profit jumped 32.4 per cent to £209m. An analyst at RBC Capital Markets added: “We note that our latest homewares pricing survey indicates Dunelm has improved its price competitiveness through the introduction of more entry-price ranges, which we think should help to support topline.”
Gross margins fell to 51.2 per cent from 51.6 per cent the year before and are expected to ease further to around 50 per cent in the current year, closer to its long-term average.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Martin Lewis’ website outlines 'easy trick' to get £400 for freeHouseholds are struggling against the cost of living crisis
Read more »
Here are some of the most expensive houses in Leeds sold over the last yearWith sales prices reaching as high as £31 million, Leeds is positioned as 45th across England, Wales and Scotland for the most sales over the £1 million price point.
Read more »
Shropshire hospice calls on Government for more energy help for parents of disabled childrenHospices across Shropshire face spiralling costs from rising energy prices and inflation with one facing dipping into its its precious reserves to the tune of £1 million.
Read more »
Many DWP claimants unaware they qualify for extra payment and Christmas bonusPeople who are struggling financially amid the worsening cost of living crisis may be eligible for a Department for Work and Pensions benefit worth up to £278 a month
Read more »