Homewares retailer Dunelm said 2022 full-year profits would be “modestly” ahead of expectations as it posted a strong rise in 2021 earnings, driven by online sales during the Covid pandemic, and announced a special dividend.
Pre-tax profit for the year to June 26 rose 44.6% to £157.8m on a 26.3% rise in sales to £1.33bn. Online revenue made up 46% of the total figure, up 19 percentage points. Dividends were reinstated with the announcement of a 65p a share payout.
The company on Wednesday added that it was seeing some industry-wide issues such as ongoing supply chain disruption and inflationary pressures from raw materials, freight costs and driver shortages.
“Trading in the first 10 weeks of the new financial year has been encouraging, with growth against strong comparatives and continued market outperformance,” said chief executive Nick Wilkinson.
