0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%

mid-cap

Market Update On One Consumer Discretionary Stock - DNLM

Jan 18, 2024 | Team Kalkine
Market Update On One Consumer Discretionary Stock - DNLM

DNLM:LSE
Investment Type
Mid - Cap
Risk Level
Action
Rec. Price (GBX)

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.

Q2 FY24 & H1 FY24 Trading Update (Released on 18 January 2024)

  • Improved Sales: The total sales for H1 FY24 improved by 4.5% to GBP 872 mn whereas the sales during Q2 FY24 saw a marginal increase of 1% at GBP 483 mn. The majority of the sales growth was from the digital segment which represents almost 37% of the total sales.
  • Improved Margins: The group reported an improvement of 160 bps in the gross margins during the reported period(H1 FY24).
  • Outlook: DNLM expects macro headwinds and consumer uncertainty, still the management is confident to deliver the expected market share gains and improve the cost of operations. Further, the company estimates FY24 PBT to be close to GBP 202 mn which could be in the range from GBP 199 mn to GBP 207 mn.

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 1,035.00 (as of 18 January 2024 at 11:25 AM GMT) 

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 January 2024. 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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