Dunelm continues to perform well, reporting a LFL revenue increase of +12.5% for the 13-week period ended 30th March 2019.
Broken down, store revenue increased +9.8% YoY, while online revenue through Dunelm.com grew by an impressive +32.1%. In all, multichannel revenue (online orders, click and collect and tablet-based selling in-store) represented 18.5% of the retailer's revenue.
Total group revenue was £284.5m, up +6.1%, reflecting the closure of the Worldstores and Kiddicare websites earlier in the financial year.
Net debt stood at £48.3m (from £123.8m at the close of the 2018 financial year), with investment in the business – particularly in technology and marketing – to drive future growth. Fresh developments include the launch of Dunelm's fourth Home of Homes advertising campaign, sponsorship of ITV's This Morning programme, and the ongoing deployment of a new digital operating system. Dunelm expects to open two new stores (including one relocation) towards the end of the financial year.
Nick Wilkinson, Dunelm's chief executive, comments: "We are delighted that customers continue to respond well to our improving homewares offer as we help them create a home they love. The strong growth in the third quarter reflects our ongoing focus on attracting more customers to the brand and giving them more reasons to shop with us through great product and service. Our performance was also buoyed by a positive homewares market.
"Our multichannel proposition is improving all the time and we are excited about the opportunities ahead of us as we continue to invest in and develop our digital capabilities."
If there are no significant changes to current trends in consumer demand, Dunelm expects to see full-year profit before tax slightly ahead of expectations.