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Dunelm - Confounds doubters as sales, margins grow

December 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • DNLM
  • Price:
  • 608p
Given the hot, dry summer, investors had started to adopt the brace position but Dunelm confounded with first quarter results to 29 September showing 4.2% like-for-like sales growth, which is pleasing given tough comparables in Q1 ’17 (+9.3%). Underlying store revenues grew 1.3%, while online revenues increased 33.3% and would have been up 50.8% had Dunelm included contributions from tablet-based selling in-store.Total multi-channel revenues (online, reserve & collect and tablet-based in-store) increased their contribution by 3.9% to 14.8% of total sales.Following elimination of lower margin sales from Worldstores, gross margin jumped by 1.3% while on a continuing basis gross margin still improved 0.5%.It has ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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