Dunelm Group plc Unsponsored ADR (DNLMY)
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Panmure Liberum downgrades Dunelm to 'sell' as growth plan raises doubts
Stockbroker Panmure Liberum has downgraded Dunelm Group PLC (LSE:DNLM), the homewares retailer, from 'hold' to 'sell'. The broker cut its target price to 590p from 820p, implying further downside from Wednesday's closing share price of 734p.
Dunelm still a 'buy' for UBS as valuation hits seven-year low
Dunelm Group PLC (LSE:DNLM) retained UBS's backing despite earnings downgrades, with the bank highlighting the homewares retailer's lowest valuation since 2019 and scope for expansion. The shares stood at 769p, up 5% in Thursday trading, while the broker maintained its 'buy' rating and cut its target to 1,130p from 1,250p.
Dunelm Group H2 Earnings Call Highlights
Dunelm Group LON: DNLM reported 3.1% sales growth for fiscal 2026, while profit before tax held steady at £211 million as the homewares retailer offset inflationary and volume-related cost pressures with productivity gains and modest gross-margin expansion.
Dunelm targets faster sales growth with £100 million cost-cutting and store expansion plan
Dunelm Group PLC (LSE:DNLM) has unveiled a three-year growth strategy targeting a return to mid-to-high single-digit annual sales growth, backed by around £100 million of cost savings and accelerated investment in stores and digital channels. The FTSE 250 homewares retailer said its ‘Winning Hearts & Homes' plan aims to lift growth from around 3% currently while maintaining an adjusted profit before tax margin of approximately 11% and return on capital employed of around 30%.
Deutsche Bank turns bullish on Dunelm ahead of strategy revamp
Dunelm Group PLC (LSE:DNLM) secured a firm vote of confidence from Deutsche Bank on Thursday, as the broker upgraded the retailer on the expectation of accelerating earnings growth. The shares jumped 4% to 862p as Deutsche Bank lifted its stance to 'buy', arguing the market is giving little credit to the homeware chain's strategic upside.
Panmure Liberum upgrades Dunelm after respectable fourth quarter
Panmure Liberum has upgraded Dunelm Group PLC (LSE:DNLM) to 'hold' from 'sell' and nudged its target price up to 820p from 810p, saying the homewares retailer's fourth quarter brought relief that trading did not deteriorate further. The broker described the outcome as respectable given challenging conditions and adverse weather, though it remains cautious about calling the turn after weaker news flow through the second and third quarters.
Dunelm profit on track as new boss promises bigger, bolder plans
Dunelm Group PLC (LSE:DNLM) has said full-year profit will be in line with expectations after sales growth of 2.9% in its final quarter, as new chief executive Clo Moriarty promised to reveal plans for a bigger, better and bolder business in September. The homewares retailer said sales rose to £428 million in the 13 weeks to 27 June despite two separate weeks of exceptionally warm weather that dented store footfall.
UK's Dunelm sees annual profit at lower end of market view on weak consumer spending
British homeware retailer Dunelm on Thursday forecast its annual profit at the lower end of market expectations, citing persistent weak consumer spending due to uncertainty linked to the conflict in the Middle East.
Dunelm potentially poised for recovery, says investment bank
Dunelm Group PLC shares could be poised for a recovery after a difficult start to the year, according to JPMorgan, which has upgraded its recommendation. The homewares retailer has fallen 15% year to date after weak second-quarter sales and concerns over profit weighting between the first and second half.
Dunelm Group plc (DNLMY) Q2 2026 Earnings Call Transcript
Dunelm Group plc (DNLMY) Q2 2026 Earnings Call Transcript
Dunelm first-half profit slips despite higher sales
Dunelm Group PLC told investors that first-half profit slipped despite higher sales, as a softer second quarter and the timing of costs offset a stronger gross margin and steady demand in core categories. The homewares retailer reported total sales of £926.3m for the 26 weeks to 27 December 2025, up 3.6% year-on-year, with digital participation rising to 41% of sales.
Dunelm sell-off was 'overdone' after profit warning, says investment bank
After Dunelm Group PLC's (LSE:DNLM) warned on profits last week, Deutsche Bank has lowered its price target from 1,360p to 1,200p but reiterated its 'buy' rating. Shares in the retailer fell 20% after its profit warning revealed margins in the second quarter came under pressure as operating cost inflation outpaced like-for-like sales growth.
