Dunelm reports record £1.64bn profits

Dunelm has recorded record profits of £1.64 billion.

The British online homeware retailer’s revenue in the 52 weeks ending 1 July was grew by 5.5 per cent compared to its 2022 revenues of around £1.5 billion.

The financials also indicated gross margin stood at just over 50 per cent, which Dunelm said was in line with its expectations and demonstrated “tight operational grip”.

As part of the announcement, Dunelm said it was working in its stores and supply chain to reduce carbon emissions and continuing to replace gas fired heating equipment, putting in place energy management systems, and starting to replace gas fired heating equipment and starting to use vehicles powered by more sustainable fuel, including electricity and compressed natural gas, in its distribution fleet.

"As a result, we have seen a further reduction in Scope 1 carbon intensity, ahead of our targets", the retailer said.

"In a period of extensive economic uncertainty, we have maintained our focus on enhancing our customer proposition, expanding our offer whilst staying fully committed to value and making every pound count,” said Dunelm chief executive Nick Wilkinson. “This has clearly resonated well with our customers, enabling us to continue growing both sales and market share.”

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