Dunelm shares jump as sales surge after stores re-open
A look at the major movers on the London market on Wednesday
Dunelm Group plc (LON:DNLM) has lifted its full-year forecasts after sales surged once its stores were allowed to re-open on 12 April.
The homewares retailer said it now expected profits to come in at £148mln, above analyst estimates of £128mln to £134mln.
In the first seven weeks of the fourth quarter, which started on 28 March, total sales soared 59% compared with the equivalent period in 2019.
AJ Bell investment director Russ Mould said: “Dunelm joins a growing list of retailers to say that earnings are better than expected. The reopening of shops follow lockdown appears to have gone very well for a lot of retailers thanks to pent-up demand.