Dunelm Group PLC (LSE: DNLM)

Dunelm Group PLC (LSE: DNLM) is an FTSE 250 index-listed homewares retailer that operates through multi-channel retail formats in the UK.

Trading Update (Q3 FY23, released on 20 April 2023)

• Improvement in Total Sales: The company reported total revenue of GBP 423 mn during Q3 FY23 against GBP 399 mn in Q3 FY22. The improved sales were on account of the broad growth witnessed across online and store sales.
• Gross Margins: Considering the rising input costs and decline in spending power of the customer due to an increase in inflation, the company managed to control the gross margins which in Q3 FY23 in line with the estimates, lower by 0.30%, including the tailwind impact of approx. 0.50% on account of winter sales.
• Outlook: The Q3 FY23 trading updates were in line with the expectations and because of the successful winter sale and improved demand of the new collections launched by the group, the management kept the FY23 Profit Before Taxes estimates intact which are in line with the analyst's estimates.

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) current market price at GBX 1,125 (as of 8:30 AM GMT, 21 April 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 21 April 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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