Dunelm Group PLC (LSE:DNLM) said it feels well placed to manage the current supply chain disruption, as it has good stock levels and a low proportion of seasonal ranges.
The homewares retailer confirmed full-year profit before tax will be in line with analysts' recently increased consensus expectations of £179mln.
READ: Dunelm founding family in line for £100mln windfall
In the 13-week period ended 25 September, total sales jumped 8% to £388mln, with digital accounting for 33% of the mix.
Performance was mostly driven by the Summer sale in July, which was postponed from the fourth quarter of the previous financial year, improved product availability and some popular new ranges in the furniture categories.
In fact, gross margin was 0.1% lower compared to last year, reflecting the discounted items.
Gross margin for the first half is expected to be flat to slightly positive compared to last year’s numbers, while full-year gross margin will drop because of the Summer and Winter sales.
Data from GfK showed that the FTSE 250 group continued to outperform the homewares market and gained further market share in each week of the quarter.
At 25 September, the group had net cash of £209mln and access to £175mln of approved banking facilities that have not been used yet.