Whilst Dunelm has a strong track record since IPO, the EPS CAGR halved to 7.5% in FY13-16E vs. FY10-13, and FY16 marks the fewest new stores for 7 years. This is all set to change though. Strengthened leadership is deploying a more focused strategy at a time when the spending outlook is becoming more favourable. The quality of EPS will be further enhanced and the FY16-19 CAGR should trend up towards 15%. Special returns will continue (£0.25bn over 3 years). The shares should therefore outperform ....
26 Feb 2016
Expecting a home run
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Expecting a home run
Dunelm Group plc (DNLM:LON) | 996 383.6 4.0% | Mkt Cap: 2,014m
- Published:
26 Feb 2016 -
Author:
Matthew McEachran -
Pages:
4
Whilst Dunelm has a strong track record since IPO, the EPS CAGR halved to 7.5% in FY13-16E vs. FY10-13, and FY16 marks the fewest new stores for 7 years. This is all set to change though. Strengthened leadership is deploying a more focused strategy at a time when the spending outlook is becoming more favourable. The quality of EPS will be further enhanced and the FY16-19 CAGR should trend up towards 15%. Special returns will continue (£0.25bn over 3 years). The shares should therefore outperform ....