Business
Second Quarter Trading Update
Second Quarter Trading Update.
About this update from Dunelm Group Plc
[{"type":"text","content":"\n \nRNS Number : 2184Z Dunelm Group plc 09 January 2020 \n\n \n \n9 January 2020\n \nDunelm Group plc\nSecond Quarter Trading Update\n \nDunelm Group plc (\"Dunelm\" or \"the Group\"), the UK's leading homewares retailer, reports the following trading update for the 13-week and 26-week periods ended 28 December 2019. \n \nRevenue\n \nTotal like for like (LFL) sales increased by 5.0% in the second quarter, reflecting strong growth across the total retail system, especially given the strength of the comparative period (Q2 FY19 total LFL 10.8%). Total growth, including the benefit of new stores, was 6.2%. \n \nTotal LFL sales for the first half of the year increased by 5.6% with total growth of 6.0%.\n \n \n\n\n\n\n \n\n\n13 weeks to 28 December 2019\n\n\n26 weeks to 28 December 2019\n\n\n\n\n \n\n\nRevenue\n(£m)\n\n\nYoY Growth (£m)\n\n\nYoY Growth (%)\n\n\nRevenue\n(£m)\n\n\nYoY Growth (£m)\n\n\nYoY Growth (%)\n\n\n\n\nLFL Stores1\n\n\n265.3\n\n\n+3.2\n\n\n+1.2%\n\n\n485.2\n\n\n+9.4\n\n\n+2.0%\n\n\n\n\nOnline - Dunelm.com\n\n\n47.7\n\n\n+11.6\n\n\n+32.1%\n\n\n83.4\n\n\n+20.8\n\n\n+33.2%\n\n\n\n\nTotal LFL2\n\n\n313.0\n\n\n+14.8\n\n\n+5.0%\n\n\n568.6\n\n\n+30.2\n\n\n+5.6%\n\n\n\n\nNon-LFL Stores3\n\n\n9.4\n\n\n+3.6\n\n\n-\n\n\n16.4\n\n\n+6.6\n\n\n-\n\n\n\n\nTotal Dunelm\n\n\n322.4\n\n\n+18.4\n\n\n+6.1%\n\n\n585.0\n\n\n+36.8\n\n\n+6.7%\n\n\n\n\nClosed businesses4\n\n\n-\n\n\n+0.4\n\n\n-\n\n\n-\n\n\n-3.6\n\n\n-\n\n\n\n\nTotal Group\n\n\n322.4\n\n\n+18.8\n\n\n+6.2%\n\n\n585.0\n\n\n+33.2\n\n\n+6.0%\n\n\n\n\n \n1 LFL stores: stores trading for at least one full financial year prior to 30 June 2019 without any change of space. LFL store revenues include Reserve & Collect/Click & Collect sales and Home Delivery sales in respect of orders placed via in-store tablets.\n2 Total LFL: LFL stores and dunelm.com. The process for obtaining a refund for online purchases in store has been changed to minimise the risk of fraudulent returns. This process change has increased the attribution of refunds to the online channel. Total LFL is unaffected and therefore, as the business becomes more multichannel, is a more meaningful measure of overall performance.\n3 Non-LFL stores: new stores (including relocations) opened in the current or previous finan...