The Dunelm Group Board has declared an interim dividend of 14 pence per share. This dividend will be paid on 8 April 2022 to shareholders on the register on 18 March 2022.
Strong sales growth across the total retail system with sales up 10.6% vs H1 FY21 and 36.0% vs H1 FY20
Continued outperformance of the market in both homewares and furniture
Proposition and brand development driving active customers to 13 million, a 6.3% increase over 12 months
Gross margin +80bps year-on-year, due to higher full price sell through of seasonal lines, with the prior year margin impacted by store lockdowns
Continued investment in digital capabilities to improve customer proposition with new ecommerce fulfilment facility opened in Stoke
Record H1 PBT of £140.8m, +25.3% vs H1 FY21 (FY21 H1: £112.4m, FY20 H1: £83.6m), with profit margin reflecting a particularly strong stores performance and leverage of fixed costs
Free cash flow of £106.3m, including working capital outflow of £21.0m (building inventories to mitigate supply chain disruption), with net cash at period end of £47.7m (FY21 H1: £140.6m)
