Hobson: Dunelm's Turnaround Should Be Applauded

THE WEEK: Mornigstar columnist Rodney Hobson shares a good news stock story - and one that looks positive on the surface but is a bad omen for shareholders

Rodney Hobson 15 February, 2019 | 12:28PM

rollercoaster rollacoaster Dunelm's turnaround should be applauded

The transformation of dead-end Dunelm (DNLM) into dynamic Dunelm has been truly inspirational, one of the few joyful experiences in Britain’s beleaguered retail sector. Congratulations to all who have worked anywhere in the business over the past five years.

Figures for the 26 weeks to 29 December showed revenue up just 1.2% - though that’s a lot better than many in the High Street - but strong like-for-like growth of 6.9% in the stores and 35.8% online. The discrepancy with like-for-likes has come from Dunelm sorting out the problematic Worldstores side.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Dunelm Group PLC1,480.00 GBX0.00
Plus500 Ltd1,557.00 GBX-0.51
Tullow Oil PLC19.53 GBX-4.82

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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