Dunelm Group PLC (LSE:DNLM) raised profit expectations for the year following a “robust” final quarter.
Sales in the 13 weeks to 1 July 2023 grew by 6% year-on-year to £381mln, with total sales for the year equalling £1.6bn.
As a result, the homeware retailer said it expects profit before tax slightly ahead of current market expectations of £188mln.
Digital sales accounted for 39% of total sales in the final quarter and 36% of total sales throughout the year, according to a statement.
"The breadth and relevance of our product offer has continued to resonate with our home-loving customers over the last quarter of the year. This has been reflected in our strong financial performance despite the challenging broader consumer backdrop,” said chief executive Neil Wilkinson.
Looking head, Dunelm said it is pleased with trading in the financial year so far and sees “very significant” headroom to deliver further profitable growth.
Dunelm expects to continue to invest in digitalising and developing its business, despite the uncertain outlook, with a focus on delivering value and relevance to its customers, it said.