Dunelms quarterly sales come in 17% lower on a year over year basis

By Wajeeh Khan4 days ago

AD
  • Dunelms quarterly sales come in 17% lower on a year over year basis.
  • The British retailer to reopen stores in England and Wales on Monday.
  • Dunelm's digital sales accounted for 92% of the total quarterly sales.

Dunelm Group plc (LON: DNLM) expressed confidence on Thursday that it will conclude the year modestly ahead of what analysts had anticipated. Experts now forecast up to 125 million of pre-tax profit for the company this year.

Dunelm shares jumped about 2% in premarket trading on Thursday and gained another 1% on market open. Including the price action, the stock is now exchanging hands at 13.80 per share. In comparison, it had started the year 2021 at a lower 12.45 per share.

Dunelm to reopen stores in England and Wales on Monday

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

Dunelm is scheduled to reopen its 156 sites located in England and Wales on Monday. The other 13 in Scotland resumed trading earlier this week. The home furnishing retailer expects strong demand once the stores reopen.

The British company said its sales in the thirteen weeks that concluded on 27th March came in at 236 million that represents a 17% annualised decline. Digital sales, Dunelm added, accounted for 92% of the total sales versus 22% only in the same period last year.

Continue read on invezz.com