Dunelm Group (GB:DNLM) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Dunelm Group plc, the UK’s leading homewares retailer, reported a sales increase of 4.1% to £1.71 billion for the fiscal year ending 29 June 2024, with profit before tax rising by 6.6% to £205 million despite a challenging consumer environment. The company saw a market share growth to 7.7%, driven by a 5.1% increase in active customers and a boost in both store and digital sales which now account for 37% of total sales. Despite the softer market, the company is confident in its strategic plans to achieve a 10% market share in the medium term and to further establish itself as The Home of Homes.
For further insights into GB:DNLM stock, check out TipRanks’ Stock Analysis page.
