Dunelm revenues rise

Homewares retailer Dunelm's total revenue for the second quarter rose by 6.6% to £261.9m.

Total revenue, excluding the acquisition of Worldstores, for the second quarter rose by 3.3% to £253.8m.

Total like-for-like growth (combining LFL stores and home delivery) increased by 0.2%.

Due to the change in the accounting period end date, the figures include six days of the winter sale, compared to eight days in the comparative period last year.

Without this impact LFL growth would have been approximately £4.0m higher (equivalent to 1.7% in the quarter and 0.9% over the half year). The group expects this to reverse in the second half of the year.

A trading update says: "As expected, we saw an improved second quarter with seasonal product in particular performing well. The homewares market has continued to decline but we believe that we are continuing to outperform the market as a whole.

"We also continue to see good growth in the online business, including a 21.7% increase in home delivery sales for the quarter.

"Gross margin percentage for the half year is estimated to be broadly flat compared with the first half of last financial year. In the quarter, we started to see some impact from adverse currency conditions, affecting goods sourced directly or from third parties, and expect this to increase as we move into the second half of the year. Overall, we expect gross margin to remain broadly flat in the second half, compared to the same period last year."