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.

FY23 Results (for the 52 weeks ended 01 July 2023, Released on 20 September 2023)

• Improved Top Line Business: The positive response from the customers across the breadth of its expanding curated product range has resulted in around 5.5% YoY growth in total sales during FY23.
• Decline in Profitability: The Company’s profit before tax declined 7.8% YoY during FY23 because of tight control of margin amidst inflation in its operating costs.  
• Dividend Payments: The Company will pay a final dividend of 27 pence per share on 20 November 2023 with an ex-dividend date of 26 October 2023. It takes the dividend to 42 pence per share, an increase of around 5%, illustrating confidence in the future growth prospects of the business
• Outlook: DNLM expects to witness FY24 sales and PBT growth, driven by volume. Moreover,the easing freight costs will support gross margin. Overall, the Company will keep investing in its customer offerings, total retail system and marketing ecosystem to support sustainable growth.

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 current market price of GBX 1,052.00 (as of 20 September 2023 at 12:49 PM GMT+1)  

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 20 September 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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