Business
Full year trading update
Full year trading update.
About this update from Dunelm Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n 21 July 2022\n \n \n \n \n Dunelm Group plc\n \n \n \n \n \n \n \n \n \n Full year trading update\n \n \n \n \n \n \n Dunelm Group plc (\"Dunelm\" or \"the Group\"), the UK's leading homewares retailer, updates on trading for the 13-week period ended 25 June 2022 and for the full year.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Full year FY222\n \n \n \n \n \n \n YoY\n \n \n \n \n \n \n Q4 FY22\n \n \n \n \n \n \n YoY\n \n \n \n \n \n \n \n \n Total sales\n \n \n \n \n \n £1,552m\n \n \n \n \n 16%\n \n \n \n \n £358m\n \n \n \n \n -6%\n \n \n \n \n \n \n \n Digital % total sales1\n \n \n \n \n \n 35%\n \n \n \n \n -11%pts\n \n \n \n \n 37%\n \n \n \n \n +0%pts\n \n \n \n \n \n \n \n \n \n \n \n \n 1\n \n Digital includes home delivery, Click & Collect and tablet-based sales in store.\n \n \n \n \n 2\n \n \n For statutory purposes, FY22 will include a 53rd week. We will disclose our preliminary results on a 53-week basis.\n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n \n \n ·\n Strong performance with full year sales and profit before tax slightly ahead of analyst consensus3\n \n \n ·\n A bigger and better business post-Covid with total sales more than 40% higher than FY19, driven by significant market share gains and reflecting the strength of our total retail system\n \n \n ·\n Solid performance in Q4 against tough comparatives\n \n \n \n \n \n \n \n \n 3\n \n Company compiled consensus range of analysts' estimates for FY22 PBT on a 52-week basis is £195m to £212m, with average consensus of £207m. FY21 PBT was £158m.\n \n \n \n \n \n \n \n \n Strong sales growth across the total retail system\n \n \n \n \n \n \n FY22\n \n \n Sales for the full year of £1,552m were 16% higher than FY21 and 41% higher Yo3Y. Digital sales of £537m were more than 2.5x higher than pre-Covid levels4, when the digital sales mix was 20%. The full year digital mix of 35% was 11%pts lower than FY21, reflecting the fact that only home delivery and Click & Collect services were available when our store estate was closed for over one third of FY21.\n \n \n Total sales includes significant market share gains5, reflecting the strength of our total retail system and the substantial development of our digital capabilities and homewar...