Dunelm Group plc Reports Sales Results for the Thirteen Weeks and Fifty Two Weeks Ended June 27, 2015 and Fifty Three Weeks Ended July 4, 2015; Provides Earnings Guidance for the Fifty Two Weeks Ended June 27, 2015 and Fifty Three Weeks Ended July 4, 2015
July 09, 2015 at 02:00 am EDT
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Dunelm Group plc reported sales results for the thirteen weeks and fifty two weeks ended June 27, 2015 and fifty three weeks ended July 4, 2015. For the thirteen weeks, the company reported sales growth remained strong in the final quarter of the financial year. Total sales grew by 12.1% to £200.1 million, with like-for-like sales growth (combining LFL stores and Home Delivery) of 5.8%. In-store LFL sales grew by 3.5% benefiting from a strong Summer Sale performance, and continued growth in particular from Made to Measure curtains and blinds service and from Furniture department. Home Delivery sales grew by 43.4% during the quarter and represented 6.8% of sales compared to 5.4% in the prior year. Over the financial year as a whole, Home Delivery sales represented 6.1% of total sales (2014: 4.4%). Non-LFL store performance includes sales from four new stores opened in the quarter, taking the total superstore openings in the financial year to twelve, including one relocation (2014: twelve, including two relocations).
For the fifty two weeks, the company's total sales grew by 12.7% to £822.7 million, with like-for-like sales growth (combining LFL stores and Home Delivery) of 5.8%.
For the fifty three weeks, total sales for the statutory financial period of 53 weeks to July 4, 2015 were £835.8 million.
For the fifty two weeks ended June 27, 2015, the board anticipates that profit before tax for the 52 weeks ended June 27, 2015 will be within the range of £119 million to £123 million.
For the fifty three weeks ended July 4, 2015, the board anticipates that profit before tax for the 53 weeks ended July 4, 2015 will be within the range of £121 million to £125 million.
Dunelm Group plc is a United Kingdom-based homewares retailer. The Company offers a distinctive and specialist product portfolio through a retail system that combines physical stores and digital channels. It offers a range of products, spanning multiple homewares and furniture categories, and including services such as made to measure window treatments. It provides curtains, Roman blinds and cushions made in its own United Kingdom factory. The Company offers various brands, including Dorma, Pausa, Fogarty, and others. Dorma brand provides bedding, curtains, cushions, and homewares. Its Pausa cafes serve customers, colleagues, and local communities. The Fogarty brand includes pillows and quilts. It has an online offer through dunelm.com which includes home delivery and click and collect options. It predominantly sells specialist own-brand products. It has about 152 stores, which include Pausa coffee shops, where customers are provided with a range of hot and cold food and drinks.
Dunelm Group plc Reports Sales Results for the Thirteen Weeks and Fifty Two Weeks Ended June 27, 2015 and Fifty Three Weeks Ended July 4, 2015; Provides Earnings Guidance for the Fifty Two Weeks Ended June 27, 2015 and Fifty Three Weeks Ended July 4, 2015