Dunelm Group (DNLM) Q1 2026 TU earnings summary

Executive summary

• Achieved strong sales growth of 6.2% year-over-year in Q1 FY26, reaching £428m in total sales.

• Digital sales accounted for 40% of total sales, up 3 percentage points year-over-year.

• Broad-based growth across categories, with particular strength in warming textiles such as rugs and throws.

• Launched the Dunelm app and the 'Home of Colour' brand campaign, enhancing digital and brand engagement.

Financial highlights

• Gross margin increased by 80 basis points year-over-year, supported by FX tailwinds and operational efficiency.

• Q1 total sales were £428.1m, compared to £403.2m in Q2 of the previous year.

• Digital participation rose to 40% of total sales, reflecting ongoing digital transformation.

Outlook and guidance

• Full-year profit before tax (PBT) guidance remains in line with Board expectations.

• Profits expected to be more heavily weighted towards the second half of FY26 due to timing of investments and inflationary impacts.

• Confident in delivering sustainable, profitable growth and targeting a 10% market share in the medium term.