Dunelm results not a hit with investors

FTSE 250 homewares retailer Dunelm (LON:DNLM) saw its shares sink by 7.25% to 1,202p (as of 15:20 GMT) despite total sales for the quarter ended 26th December improving by 11.8%. This growth came despite the enforced closure of most of the firm’s stores during November.

CEO Nick Wilkinson commented: “Our strong performance continued into the second quarter, whilst we adapted to the various restrictions and resulting store closures across our estate. I am immensely grateful for the engagement and resilience of the Dunelm team who, along with our suppliers, have demonstrated their outstanding commitment to our core value of being ‘Stronger Together’.

“We enter 2021 with further restrictions and our primary focus remains the health and wellbeing of our colleagues and customers across the business.

“Beyond this near term uncertainty, we’ve never felt more confident about the future. Our scalable proposition combines an in-store and digital offer which, with agile technology, we will continue to develop at pace. As our homes play an increasingly important role for all of us, we are well placed to build even closer relationships with our customers and extend our market leadership”.