Overview

• Full-year revenue rose 3.8% to £1.77 billion and pre-tax profit increased 2.7% to £211 million for the year to 28 June.
• Digital channels accounted for 40% of turnover as market share in homewares and furniture edged up to 7.9%.
• Dunelm opened six new superstores, including its first inner-London site, entered Ireland through the 13-store Home Focus deal, and acquired Designers Guild.
• Net debt increased to £102 million due to higher investment linked to expansion, while the board lifted the total ordinary dividend to 33.5p and paid a 35p special in April.
• Shares fell about 6% after the update as the retailer reported pleasing early trading, flagged ongoing cost inflation near 3% potentially rising toward 4%, and confirmed the 1 October CEO handover to Clodagh Moriarty.