British home furnishings retailer Dunelm (LSE: DNLM) announced on Thursday that it anticipates its full-year profit to exceed market expectations slightly. The surge in sales of garden furniture and decorations during the exceptionally hot months of May and June contributed to the retailer’s robust volume growth in the fourth quarter.
CEO Nick Wilkinson stated that the company implemented price reductions on over 1,000 product lines during the quarter, and customers also benefited from attractive offers in their Summer Sale.
The company did not provide a specific profit figure but expects its profit before tax for the full year to be slightly ahead of the current market expectations of £188 million ($243.08 million). Dunelm reported total sales of £1.64 billion for the full year, slightly surpassing market expectations of £1.63 billion.
