Dunelm Share Discussion Threads

[amollycat1] 08/7/2014 07:15

Excellent set of numbers..

[thelongandtheshortandthetall] 03/7/2014 17:52

Yewtrees.

Very interesting. Be good if Dunelms can move into some their shops and take on Leases at very helpful rates too.

[yewtrees] 03/7/2014 07:41

Paul Simon Stores have gone out of business, and yesterday I understand Montgomery Curtains went into administration. So, more sales for Dunelm, but does it mean not enough profit in making curtains, or have Dunelm already taken their custom?

[thelongandtheshortandthetall] 25/6/2014 11:24

Cheers zeppo

Yes that sounds about perfect positioning for a Dunelm. Especially as you say with no direct competition on their door step.
I appreciate that a busy doesn't always mean profitable but having people in the shop is the best place to start.
I think the cafes are a good idea too. Keeping people in the shop and an in a relaxed mood is what retailing is all about.

Can anyone else share their experiences of a dunelms near them?

Thanks in advance

[zeppo] 25/6/2014 11:17

They are rolling out new stores.

Basingstoke is our nearest and seems busy when my wife and I go there.

It is out of the town centre but has excellent road links. You just slip off the Basingstoke to Reading road, a mile or so out of Basingstoke.

There here is free parking and busy non-competitive businesses(with Dunelm that is) such as Lidl and a Go Outdoors nearby bringing lots of shoppers to the area.

The Dunelm café helps the feeling of congeniality. Basingstoke seems to be an excellent site for DNLM.

z

[zeppo] 20/6/2014 10:57

Q4 Trading Update 8th July

Preliminary Results 11th September.


Then things will be clear.


z

[thelongandtheshortandthetall] 17/6/2014 21:49

ooo I wish £5!
I bought a couple more earlier at £8.29

£5 would be lovely jubly

[redartbmud] 17/6/2014 21:25

Quil

Hot air and wind then.

red

[redartbmud] 17/6/2014 20:59

Quil

No need to hang around, tell it as it is. We are all big boys/girls.

red

[buffetteer] 17/6/2014 20:58

Looking forward to re-testing the highs -rolling on to £11.
I will reveal why.
We are growing sales and profits every year and more importantly our returns are industry best so the excess free cash is returned giving a true yield of over 6% now . That's why the price is undervalued right now.

[quilarvium] 17/6/2014 19:08

This company is way overvalued and soon I will reveal why.£10 is a distant memory, £5 is coming.

[es222mo] 10/6/2014 10:20

8th July is the quarter 4 trading update , that should move the share price, onwards and upwards.

[yewtrees] 10/4/2014 13:43

Noticed the Dunelm adverts have been on the tv recently.

[skinny] 03/4/2014 07:01

Total revenue for the third quarter grew by 9.9% after four store openings in the period. These included one relocation of an existing under-sized superstore and one superstore which replaces two high street shops that have subsequently closed. This takes the total superstore openings in the financial year to date to 10.

Growth in like for like sales for the quarter was 5.0%, reflecting the absence of any snow disruption this year as well as ongoing investments which have strengthened our customer proposition and driven sales. These include ongoing development in multi-channel, the further roll-out of our Dunelm At Home proposition, enhanced customer service training, continuation of TV advertising and an expanded spring catalogue.

Gross Margin Percentage

Gross margin for the quarter has continued its positive trend with an improvement of approximately 100 basis points compared with the prior year. A key driver of margin improvement is direct sourcing activity, which we continue to support with increased infrastructure. In line with previous guidance, we anticipate that year on year margin growth will continue over the remainder of the financial year.

Strategy Progress

Our pipeline of legally committed new store opportunities stands at eight, of which two are anticipated to open prior to the financial year-end. This will take the number of store openings for the full financial year to 122 and our superstore portfolio to 136 stores at the year-end, compared with our medium term target to operate from 200 UK superstores.

We have seen continued progress in our multi-channel business with pleasing revenue growth during the period as we have capitalised on our improved delivery proposition since opening a new fulfilment operation last autumn, as well as the expansion of our range of exclusive home-delivery products. Our next key development will be to transition our website to a new software platform; we expect to complete this project in summer 2014 as previously indicated.

Financial Position

The Group remains strongly cash generative with closing net cleared funds at bank of £57.3m. Daily average net cleared funds over the period since our return of capital on 11th October 2013 were £47.7m.

Commenting on Dunelm's performance, Nick Wharton, Chief Executive, said:

"Dunelm has again delivered a period of solid progress. This reflects, in part, our willingness to invest to underpin the longer-term growth of the business - including in increased advertising to build brand awareness, further enhancing our home delivery proposition, and expanding our in-home consultation service. These investments will continue, increasing our operating cost ratio whilst benefiting sales and further strengthening our market leading proposition.

"With clear opportunities to develop further our in-store offer, to expand our store portfolio and to benefit from our exciting multi-channel and customer service initiatives, the Board remains confident in the growth prospects for the business."

[shammytime] 31/3/2014 12:52

No doubt this will be back to £10 by Wednesday. Should be a good set of numbers

[yewtrees] 06/3/2014 15:21

The Great British Sewing Bee is looking for contestants for the next series and the BBC are supplying hand-out entry forms to Dunelm to give to customers.

[yewtrees] 25/2/2014 15:01

The Great British Sewing Bee have another series on BBC2. If it revives an interest in sewing and making things, Dunelm have sewing machines in store and on-line.

[yewtrees] 12/2/2014 14:51

I am not sure if Dunelm get over the fact that they sell furniture as well as soft furnishings and homeware. Perhaps the next advert could emphasise that they do.

[yewtrees] 12/2/2014 13:18

A bit in Investors Chronicle about Dunelm. Rates it a buy.