BUZZ-Dunelm down as CEO to retire, leaves profit forecast unchanged

Reuters
02-11
BUZZ-Dunelm down as CEO to retire, leaves profit forecast unchanged

** Shares of British home goods retailer Dunelm DNLM.L down 1.5% at 956.5p

** DNLM announces retirement of CEO Nick Wilkinson

** Adds, Wilkinson to remain CEO until successor appointed

** Says that FY PBT expectations are unchanged and in line with consensus

** Adds that its market share increased to 7.8%, up 30bps on a calendar year basis

** Posts marginal growth in PBT of 0.2% for the six months ended on December 28 to 123.2 million pounds ($152.09 million)

** "We continue to worry that Dunelm will struggle to hurdle inflationary cost headwinds (and grow profits - as expected by consensus) which look set to remain elevated for the next 18 months, in the face of anaemic top line growth" - analyst at Panmure Liberum

** In 2024, stocks rose by 0.4%

($1 = 0.8100 pounds)

( Reporting by Simone Lobo in Bengaluru)

((Simone.Lobo@thomsonreuters.com; +919920570373;))

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