Dunelm (LSE: DNLM) shares fell 4.5% on Thursday after the homeware retailer reported third-quarter sales growth of 3% to £435 million but cautioned about tough market conditions.
Despite challenging markets, volume sales growth was observed across both stores and digital channels, with digital sales accounting for 37% of the total. The company maintained its full-year profit forecast, broadly in line with market expectations of £202 million, representing a 4.7% year-on-year increase.
“We’ve delivered a resilient performance with continued sales growth despite challenging conditions,” said CEO Nick Wilkinson. “Our value proposition resonates with customers seeking quality for their homes, and we’re gaining market share through our multi-channel approach.”
While acknowledging pressure on discretionary spending, Dunelm expressed cautious optimism about a potential easing in the outlook for UK consumers.
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