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Dunelm Group total sales grew 7.8%

Staff writer ▼ | July 9, 2014
Dunelm Group provided the update on trading for the final quarter of its financial year to June 28, 2014. Total sales grew by 7.8% and like for like (LFL) sales by 2.1%.
Dunelm Group
Dunelm GroupDunelm Group provided the update on trading for the final quarter of its financial year to June 28, 2014. Total sales grew by 7.8% and like for like (LFL) sales by 2.1%.


Final quarter LFL sales growth of 5.5% continued the improving trend of previous quarters. This reflects in part the impact of the summer 2013 heatwave which held back performance in the early part of this financial year, but also the positive impact on sales from our investment in key growth initiatives.

Sales from new space contributed 5.7% growth over the full financial year, reflecting our continuing strong store expansion programme which included 12 new openings in the year.

Expansion of gross margin continues to benefit from our ongoing direct sourcing programme. Against a challenging comparative, gross margins for the final quarter are estimated to have improved by approximately 50 basis points year on year, with 80 basis points improvement for the full financial year.

Taking into account the solid trading performance in the final quarter and the planned increase in the rate of revenue investment during the year, the Board anticipates that profit before tax for the year will be approximately 116m pounds.


 

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