Dunelm profits dip despite year of record sales

Dunelm London store exterior

Dunelm has pinned a slight reduction in full-year profits on controlling margins during a protracted inflationary period, even as it celebrated record sales.

In its preliminary results for the 52 weeks to July 1, 2023, the retailer reported a 7.8% drop in profit before tax to £192.7m, despite a 5.5% jump in total sales to £1.63bn.

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