Dunelm Group PLC 

Dunelm Group PLC (LSE: DNLM) is an FTSE 250-listed United Kingdom-based company, which operates in the homewares market. The Company operates through the retail of homewares in the United Kingdom segment. The Company specializes in soft furnishings and other homeware. The Company also owns the Dorma brand.

Q4 FY23 & FY23 Trading Update (Released on 20 July 2023)

• Improved Top Line: The company reported an increase of 6% in the total sales for FY23 which stood at GBP 1,639 mn whereas the total sales in Q4 FY23 increased to GBP 381 mn. Digital sales contributed 39% of the total sales in Q4 FY23 and almost 36% in FY23.
• Profitability: The gross margin is estimated to be as per the previously stated guidance of approx. 50%, whereas the compiled expectation for a profit before tax is close to GBP 188 mn for FY23.  
• Outlook: The management is striving to deliver a variety of products especially which could align with the requirements of the home-loving clients. For increasing the market share, the group reduced its prices on approx 1,000 lines of products which helped to gain traction during the summer sale. The company is expected to open its 180^th store in South East London.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Dunelm Group PLC (LSE: DNLM) was trading at the closing market price of GBX 1,120.00 (as of 18 August 2023)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 18 August 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.

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