Dunelm has posted yearly sales growth as it continues expanding its market share within the home goods sector.
The Leicester-based retailer, which features in the FTSE 250 index, informed markets that revenue climbed 3.8 per cent in the year ending June 28, rising from £1.7bn to £1.77bn, as reported by .
Pre-tax profit increased 2.7 per cent, advancing from £205.4m to £211m, whilst Dunelm's portion of the homewares and furniture market expanded from 7.7 per cent to 7.9 per cent.
Chief executive Nick Wilkinson expressed satisfaction in delivering "pleased to report another successful year" for the business, despite navigating "a volatile consumer environment."
Wilkinson, who is set to depart Dunelm this autumn, remarked that he leaves behind "a special business, with a strong business model, well positioned for the future."
Earlier this year, City broker Peel Hunt described Dunelm as a "coiled spring" with a "clear moat" versus rivals, citing a blend of expanded product ranges, increased active customers and superior online customer experience.
The homewares firm's shares have surged more than 27 per cent over the past six months.
Dunelm is 'still just getting started'
Dunelm anticipates further market share expansion this autumn as it progresses towards its medium-term target of 10 per cent.
The business has launched six new superstores this year, including one in inner London, and purchased a 13-store retailer in Ireland. Chris Beauchamp, Chief Market Analyst at IG, commented: "Higher market share and an initial foray into inner London show that Dunelm continues to make progress, even if profit growth has slowed.
"It is also having to ramp up investment, something that will take time to bear fruit and also potentially crimp dividend growth. The shares have struggled to clear £12.50 over the last two years, but these results show Dunelm is still coping well even in a world of tight budgets for consumers."
Wilkinson further added: "Dunelm is evolving as a multi-category and multi-channel specialist, The Home of Homes, making good progress towards its next market share milestone.
"With customers at our heart, and a commitment to long-term, sustainable growth, Dunelm is still just getting started."
