Dunelm sees FY at top end of forecasts after solid Q3

10th Apr 2019 07:07

(Sharecast News) - Homewares retailer Dunelm said total like-for-like (LFL) revenue for the third quarter increased by 12.5%, continuing the growth trend from the first half of the year.Total Group revenue was £284.5m, up 6.1%, reflecting the closure of the Worldstores and Kiddicare websites earlier in the financial year.The company said Brexit and economic uncertainty "remains heightened as we enter the final quarter of our financial year"."However, if there are no significant changes to current trends in consumer demand, we expect to report full year profit before tax slightly ahead of the top of the range of current analysts' forecasts," it addedLike-for-like (LFL) quarterly store revenue increased by 9.8% year-on-year, while LFL online revenue on Dunelm.com continued to grow strongly in the quarter by 32.1%.Total multi-channel revenue for the quarter, defined as LFL online revenue plus Reserve & Collect and tablet-based selling in-store, represented 18.5% of revenue, an increase of 4.1 percentage points year on year.