22 June 2024, 12:42
By Furniture News Jan 16, 2018

LFL sales up at Dunelm in Q2

Dunelm saw revenue rise by +13.6% in Q2 (the 13 weeks ended 30th December 2017) to £297.5m. Total LFL revenue grew by +3.4%.

LFL online sales grew by +30.5% (£6.1m), and LFL stores by +1.1% (£2.4m).

Chairman Andy Harrison comments: "After a good first quarter, it is pleasing to see our sales momentum maintained with total sales growth, and LFL sales growth of +13.6% and +3.4% respectively in the second quarter. This performance is driving our continued market share gains. We are now up to 169 superstores having successfully opened five in the quarter.

"Continuing rapid LFL online growth, of +36.8% in the first half, coupled with passing the first anniversary of the Worldstores acquisition, has helped our online sales grow to 16.0% of total sales in the first half (18.5% including Reserve and Collect). We are well on the way to becoming a genuine multichannel retailer.

"Margins in our core Dunelm business have been maintained in the first half, although there has been a sales mix impact on margins from the Worldstores acquisition and the higher participation of seasonal and end-of-season products.

"Overall, we remain on track, with good sales growth and market share gains, offset by margin mix. We are well positioned to deliver good full-year profit growth, after a small reduction in the first half, largely due to the consolidation of Worldstores losses."

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