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Dunelm Group ( (GB:DNLM) ) has issued an announcement.
Dunelm Group reported a solid first half in a difficult UK retail environment, with total sales rising 3.6% year-on-year to £926m and digital sales increasing to 41% of the mix. While strong trading in the first quarter was followed by a softer second quarter—particularly around Black Friday and into December amid intense discounting and marketing competition—core categories such as bedding, towels, lighting and Made-to-Measure performed well, offsetting weaker furniture sales linked to availability issues. Gross margin improved by 60 basis points, helped mainly by foreign exchange tailwinds, and first-half profit before tax is expected at £112m–£114m, with full-year profit now guided to the lower end of market expectations. Management is pushing ahead with strategic initiatives to reinforce Dunelm’s market position, including new and reopened stores, the rollout of a new mobile app and targeted actions to improve product availability, as it seeks to capitalise on opportunities to extend its leadership in homewares despite ongoing macroeconomic pressures.
The most recent analyst rating on (GB:DNLM) stock is a Buy with a £1266.00 price target. To see the full list of analyst forecasts on Dunelm Group stock, see the GB:DNLM Stock Forecast page.
Spark’s Take on GB:DNLM Stock
According to Spark, TipRanks’ AI Analyst, GB:DNLM is a Outperform.
Dunelm Group’s overall score reflects strong technical indicators and a fair valuation, supported by positive earnings call insights and corporate events. Financial performance is solid but tempered by high leverage and declining free cash flow growth.
To see Spark’s full report on GB:DNLM stock, click here.
More about Dunelm Group
Dunelm Group is the UK’s market-leading homewares retailer, offering more than 100,000 products across homewares and furniture, including strong own-brand ranges and services such as Made-to-Measure window treatments. Founded in 1979 as a curtain stall in Leicester market, the group now operates 203 stores across the UK and Ireland alongside its dunelm.com ecommerce platform, with a growing digital and Click & Collect presence, in-store Pausa coffee shops, and a focus on value, quality, choice and style for home-focused consumers.
Average Trading Volume: 283,906
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.33B
For an in-depth examination of DNLM stock, go to TipRanks’ Overview page.