13th Jan 2016 07:29
LONDON (Alliance News) - Dunelm Group PLC on Wednesday reported growth in sales in the first half of its financial year as it benefited from an extra six days in its winter sale, but warned the positive like-for-like trend would reverse in the current quarter.
The homewares retailer said total sales in the 26 weeks ended January 2 grew 10% to GBP448.1 million year-on-year, growing 8.8% to GBP245.7 million in the 13 weeks to the same date. Like-for-like sales rose 4.6% to GBP404.9 million in the 26 weeks and 3.9% to GBP221.5 million in the 13-week period.
Dunelm said the current year included eight days of winter sale, compared with the prior year which only had two days of winter sale, which helped to boost like-for-like growth. This will reverse in the current quarter, it warned.
"These trading numbers are a reasonable outcome given the unseasonably warm weather. We have had a very strong sale after Christmas, and we expect further good progress in the second half," Chief Executive John Browett said in a statement.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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