Dunelm profits slip expected

Dunelm is expected to report a dip in full-year profits after it flagged an “uncertain consumer environment” and recorded falling sales.

The homewares retailer said it expects pre-tax profit for the year to July 1 to come in between £109 million and £111m, down from £128.9m last year.

Like-for-like store sales fell 2.4% in the period, with overall comparable sales down 0.5%.

The figures come after Dunelm warned in February that costs were starting to rise in the face of the Brexit-induced collapse in the value of the pound.