Earnings release
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RNS Number : 0602Z Dunelm Group plc 19 May 2021 19 May 2021 Dunelm Group plc Trading update Dunelm Group plc ( " Dunelm " or " the Group " ) , the UK's leading homewares retailer , provides an update on recent trading for the first seven weeks of the fourth quarter ( commencing 28 March 2021 ) . Total sales increased by 59 % on a 2 - year basis against the equivalent period in FY19 ( noting that stores were closed in the comparative FY20 period ) . Sales growth has been very strong since the majority of our stores re - opened on 12th April and we continue to see good digital growth from our home delivery and Click & Collect channels . This high sales growth reflects the strength of our customer proposition and a variety of other factors including pent up demand following the extended store closure period , a buoyant homewares market and some benefit from the unseasonably cold Spring weather . In the five weeks since our stores re - opened , we have performed significantly ahead of the market [ 1 ] As a result of this recent performance , the Board expects full year profit before tax ( PBT ) will be significantly ahead of the latest range of analysts ' expectations 21. Whilst there is still some uncertainty in the short - term outlook , we anticipate FY21 PBT will be in excess of £ 148m . This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation . The person responsible for this announcement is Laura Carr , CFO . For further information please contact : Dunelm Group plc Nick Wilkinson , Chief Executive Officer Laura Carr , Chief Financial Officer investorrelations@dunelm.com MHP Communications Simon Hockridge / Rachel Mann / Pete Lambie Next scheduled event : Dunelm expects to release its fourth quarter trading update on 14 July 2021 . Notes to Editors 07709 496 125 dunelm@mhpc.com Dunelm was founded in 1979 as a market stall business , selling ready - made curtains . The first shop was opened imeicester in 1984 and over the following years the business developed into a successful chain of high street shops before expanding , following the opening of the first Dunelm superstore in 1991 , into broader homewares categories.Dunelm is now a multi - channel retailer , with dunelm.com being launched in 2005 . Dunelm is market leader in the £ 14bn UK homewares market and active in the £ 12bn UK furniture market . It currently operates 175 stores , of which the majority are out - of - town , and trades online through dunelm.com . Dunelm employs approximately 10,000 colleagues and sells approximately 50,000 product lines ( including store and online exclusives ) . Dunelm , ' The Home of Homes ' , offers a customer proposition of style , value , quality and ease of shopping . From its textiles heritage , in areas such as bedding , curtains , cushions , quilts and pillows , Dunelm has broadened its product range to a complete homewares offer including the likes of kitchenware , dining , lighting , seasonal , wall art and rugs . Dunelm is one of the few national retailers to offer an authoritative selection of curtain fabrics by the metre and owns a specialist UK facility dedicated to producing made - to - measure curtains and blinds . The product range includes many exclusive , own brand designs and owned premium brands such as Dorma and Fogarty . This is augmented by a range of other well - known brands and licence agreements . Dunelm has been listed on the London Stock Exchange since October 2006 ( DNLM.L ) and has a current market capitalisation of approximately £ 3bn . [ 1 ] Based on management's estimates using weekly GfK Homewares market data . [ 2 ] Management understand the range of analysts ' estimates ( which have been updated since the Q3 trading statement on April 2021 ) for FY21 Profit Before Tax ( PBT ) is £ 128m- £ 134m . This information is provided by RNS , the news service of the London Stock Exchange . RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom . Terms and conditions relating to the use and distribution of this information may apply . For further information , please contactrns@lseg.com or visit www.rns.com . RNS may use your IP address to confirm compliance with the terms and conditions , to analyse how you engage with the information contained in this communication , and to share such analysis on an anonymised basis with others as part of our commercial services . For further information about how RNS and the London Stock Exchange use the personal data you provide us , Page 1 of 2