Feb 10 (Reuters) - Britain's Dunelm flagged stronger sales growth in the third quarter on good winter sales, after the homeware retailer reported a 7.5% drop in half-yearly profit on Tuesday as sales
Dunelm Reports Increased Sales Growth Amid Winter and Spring Boosts
Dunelm's Sales Performance Overview
Feb 10 (Reuters) - Britain's Dunelm flagged stronger sales growth in early third quarter on good winter sales and positive responses to its new spring ranges after the homeware retailer reported a 7.5% drop in half-yearly profit on Tuesday.
Impact of Seasonal Sales
Shares in the Leicester-headquartered company rose 2.9%.
Financial Expectations for Fiscal 2026
The company, which sells bedding, furniture, and other homeware, has been facing a tough demand environment as persisting cost‑of‑living pressures curb spending. The firm is pushing ahead with plans to open new stores and introduce new ranges in a bid to attract customers.
Challenges in the Market
Dunelm expects annual pretax profit to be in line with market expectations after warning last month that earnings would come in at the lower end of analyst estimates.
Analysts, on average, expect pretax profit of 214 million pounds ($292.56 million) for fiscal 2026, according to a company-compiled consensus. That compares with 211 million pounds in fiscal 2025.
For the first half of fiscal 2026 ended December 27, the company reported a pretax profit of 114 million pounds, compared with 123.2 million pounds a year earlier, as sales slowed in the second quarter due to weak demand.
($1 = 0.7315 pounds)
(Reporting by Nithyashree R B in Bengaluru; Editing by Subhranshu Sahu and Mrigank Dhaniwala)
