London · Delayed Price · Currency is GBP · Price in GBX Dunelm Group Earnings Call Transcripts
Fiscal Year 2026
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Plans to accelerate growth through cost savings, digital and store investment, and customer-centric strategies, targeting mid to high single-digit sales growth, 11% PBT margin, and 30% ROCE by FY 2029. Operational improvements, omnichannel focus, and disciplined capital allocation underpin the plan.
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Sales grew 3.1% year-over-year with gross margin expansion and flat profits, while digital sales rose to 42% of total. Free cash flow and dividends increased, and market share reached 7.9% amid inflationary and cost pressures.
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Sales grew 3.6% year-on-year with gross margin up 60 bps to 53.4%, despite softer Q2 trading and higher costs. Market share rose to 7.9%, digital participation reached 41%, and strong cash flow supported increased dividends.
Fiscal Year 2025
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Sales rose 3.8% to £1.8bn, with profit before tax up 2.7% and gross margin improving 60bps. Digital sales hit 40%, market share grew to 7.9%, and strong cash flow supported higher dividends and investment. Leadership transition to Clodagh Moriarty announced.
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Sales grew 2.4% to £894m with strong gross margins and market share gains, supported by digital and Click & Collect growth. Profit before tax was £123.2m, and both ordinary and special dividends were declared. CapEx guidance increased for new store investments and international expansion.
Fiscal Year 2024
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Sales grew 4.1% to £1.7bn, with market share rising to 7.7% and profit before tax up 6.6% year-over-year. Gross margin improved to 51.8%, and strong cash flow supported higher dividends. Outlook remains positive, with continued investment in stores, digital, and automation.