Dunelm Group plc ahead of the Board expectations

Dunelm Group plc (LON: DNLM) said today that it has continued to see strong trading across its business and therefore expects the outturn for its financial year to 29 June 2019 to be ahead of the Board’s previous expectations.

Since we last updated on 10 April 2019, we have seen very good year-on-year total like for like growth, particularly in May and June, reflecting both the soft comparator period (Q4 2018 Total LFL growth of 0.1%) and the unseasonably favourable weather conditions this year.

As a result, the Board currently expects profit before tax for the year to be in the range of £124-126m (Underlying PBT 2018: £102.0m).

Dunelm Group plc will provide further details in its scheduled Q4 and year-end update on 10 July 2019.

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Written by: Giles Arbor

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