The shares have fallen 25% YTD due to a combination of disruptions/ weak trading earlier in FY17, mistrust/ poor understanding of the opportunity presented by the WorldStores (WS) acquisition, and in reaction to the recent profit warning from DFS. In this context, today’s +3.8% LFL sales update is very encouraging particularly given the drag from heatwave/election, as it confirms an acceleration online (now 20% of sales) courtesy of early WS integration benefits. However, lower margin means fore ....
07 Jul 2017
N+1 Singer - Dunelm - Lower margin drags f/casts but acceleration online a key positive
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N+1 Singer - Dunelm - Lower margin drags f/casts but acceleration online a key positive
Dunelm Group plc (DNLM:LON) | 995 -124.3 (-1.2%) | Mkt Cap: 2,011m
- Published:
07 Jul 2017 -
Author:
Matthew McEachran -
Pages:
4
The shares have fallen 25% YTD due to a combination of disruptions/ weak trading earlier in FY17, mistrust/ poor understanding of the opportunity presented by the WorldStores (WS) acquisition, and in reaction to the recent profit warning from DFS. In this context, today’s +3.8% LFL sales update is very encouraging particularly given the drag from heatwave/election, as it confirms an acceleration online (now 20% of sales) courtesy of early WS integration benefits. However, lower margin means fore ....