Dunelm Group plc (DNLM) Q2 2022 Earnings Call

Investor webinar replay

Replay transcript excerpt

So good morning and welcome. Good morning and welcome to the Dunelm Interims presentation covering the first half of our financial year 2022. My name is Nick Wilkinson and this morning Laura Carr and I are in person and live from the offices of Peel Hunt in London. I trust that wherever you are, you are safe and well and feel connected with us on the continuing story of our business. Thank you for your interest and let's get started. Here's our running order this morning, nice and simple. I'll shortly hand over to Laura, who'll take you through the first half financials, and then I'll be back to talk through our plans for the future. I'll also give you a longer-term perspective on our growth, what's driving it, how are we compounding our sales, which parts of our plan and our strategy are driving growth, and what's to come. But that's for later. Let's get started. So with a spring in our step and a photograph from our gorgeous spring collections, onwards. It's another clean sweep in terms of our financial metrics. So no lockdown closures in these six months against the prior period when we had those rolling circuit breaker lockdowns. But plenty of market wide headwinds in this period to navigate in terms of supply and supply chain operations. So I'm delighted with how we've done on the top line. Customer numbers looking strong and up over 6% and drop through into profit and cash also very good. The strength of our balance sheet allows us to pay both an interim and a special dividend as we move back into our leverage range once again. As ever, our focus is on growth with good operational grip. So let me just give a very brief summary of what's been going on in the half and then I'll hand over to Laura. The graph on the right shows 12-month rolling sales. So the 12 mon...