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Stong sales for Dunelm year-end; predicts difficult next few months ahead

Published: 10 July 2007
Homewares retailer Dunelm has announced full year results with overall sales for the year to end-June up 12.5% at £354.7m up from £315.2m.
Like-for-like growth was better than forecast at 6.1% as a result of strong third quarter (+4.7%) and fourth quarter (+10.1%) performances helped by the wet weather, which led to a shift in spending patterns this year.

Margins remained strong and, as a result, profits are expected to be at the top end of expectations.

During the year, four superstores were opened and one relocated, whilst three small units were closed.

So far in the current financial year, five units have been acquired, including a freehold property in Leeds.

Looking ahead, chief executive Will Adderley said growth in existing stores will be harder to come by over the next few months against the backdrop of recent interest rate rises.

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