Dunelm’s third quarter update will be a continuation of the bullish tone that accompanied the half-year results in February, investors will hope.
Interim profits were down but there was a special dividend of 430p and the homewares retailer said sales had risen by 5% with forecasts remaining unchanged for the year.
Market share gains were a reason for its sales growth and with John Lewis still embroiled in sorting itself out there must be an opportunity for Dunelm to grab a few more points from its largest rival.
Digital is coming along nicely and helped Dunelm comfortably outperform the average for the homewares sector.
For the full year, Barclays sees the company doing better than consensus profit forecasts of £176mln and an upbeat statement might see the dial move upwards.
Dunelm though was wary about the economic backdrop at the halfway point and it might think that under-promising and overachieving will serve it well again.
Shares at 1,141p are up 41% over the past six months.