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Dunelm - 16% jump in like-for-like sales

November 2009

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.

The highlight of homewares retailer Dunelm's final results statement was a remarkable 16% increase in like-for-like sales and 1.8% jump in gross margin for the first ten weeks of the current year and not surprisingly this has led to a surge in the shares to a new high of 335p on the back of yet more upgrades to forecasts. In a generally weak consumer climate, Dunelm's results for the 53 weeks to 4 July sparkled nicely with turnover rising 8% to almost Â£424m while pretax profit increased 9% to Â£53.5m. Eps rose 12% to 18.6p. Last year Dunelm opened six new superstores, with another three opening so far this year in Norwich, Londonderry and Broadstairs, while a further nine are in the pipeline. That means its estate now comp ...

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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

Dunelm - 16% jump in like-for-like sales

November 2009

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