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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dunelm - Margins and sales up strongly

June 2019

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:
  • 847p
Following the interim results share price pyrotechnics, Dunelm has followed up with strong third quarter figures that showed like-for-like revenue growth of 12.5% in the 13 weeks to 30 March. Like-for-like store revenues grew 9.8% and online sales a massive 32.1%. Encouragingly, total multi-channel revenue (LFL online revenues plus reserve & collect and tablet-based selling in-store) now represent 18.5% group sales, an increase of 4.1% versus a year ago.Pleasingly, gross margin increased by 0.9% compared with Q3 2018, driven by the closure of the dilutive Worldstores business and an increase in core business margins of 40 basis points, thanks to improved sourcing.In order to reach new customers Dunelm has launched its fou ...

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