Dunelm Group Past Earnings Performance
Past criteria checks 3/6
Dunelm Group has been growing earnings at an average annual rate of 3%, while the Specialty Retail industry saw earnings declining at 9.4% annually. Revenues have been growing at an average rate of 6.8% per year. Dunelm Group's return on equity is 91.4%, and it has net margins of 8.3%.
Key information
2.96%
Earnings growth rate
2.99%
EPS growth rate
| Specialty Retail Industry Growth | 17.00% |
| Revenue growth rate | 6.80% |
| Return on equity | 91.38% |
| Net Margin | 8.29% |
| Next Earnings Update | 08 Sep 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 27
DNLM: Refined Discount Rate And Margins Are Expected To Support Re Rating
Narrative Update Dunelm Group's analyst price target has been trimmed by £18 to £1,332, as analysts factor in slightly lower fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research points to a modest trimming of Dunelm Group's assessed fair value, reflected in a series of price target adjustments from £1,350 to £1,332 per share.Narrative Update • May 01
DNLM: Share Repurchases And Dividend Policy Will Support Future Multiple Re Rating
Analysts have trimmed their fair value estimate for Dunelm Group by about £0.60 per share, reflecting slightly more cautious assumptions on growth, margins and P/E, even as recent research includes both a reduced target from Berenberg and upgrades from JPMorgan and Jefferies. Analyst Commentary Recent research on Dunelm Group presents a mix of optimism and caution, with some price targets trimmed and others upgraded, all contributing to a more balanced view of valuation and execution risk.Narrative Update • Apr 12
DNLM: Share Repurchases And Recent Upgrades Will Support Future Multiple Re Rating
Analysts have lifted their price target on Dunelm Group to £11.93, reflecting a slightly higher assumed discount rate and P/E multiple, with recent upgrades from several firms outweighing a more cautious stance from Panmure Liberum. Analyst Commentary Bullish Takeaways Bullish analysts see the raised P/E multiple as support for a higher fair value, suggesting the market may be willing to pay more for Dunelm Group's earnings stream if current execution is maintained.Narrative Update • Mar 29
DNLM: Share Buybacks And Recent Upgrades Will Support Future Multiple Re Rating
Analysts have lifted their price target on Dunelm Group to £11.93. This is a modest adjustment supported by updated assumptions on discount rates, revenue growth, profit margins and future P/E expectations following mixed recent research views from major brokers.Narrative Update • Mar 14
DNLM: Share Buybacks And Recent Upgrades Will Support Multiple Re Rating
Analysts have nudged their price target for Dunelm Group higher to £11.93. This reflects updated views on its discount rate, revenue growth and profit margin assumptions, along with a slightly adjusted future P/E multiple informed by recent mixed broker calls.Narrative Update • Feb 28
DNLM: Share Buybacks And Steady Margins Will Support Multiple Re Rating
Analysts have inched their average Dunelm Group price target slightly lower to about £11.93, reflecting minor tweaks to assumptions on discount rate, margin profile and future P/E after a mix of recent upgrades and a downgrade in Street research. Analyst Commentary Recent Street research on Dunelm Group has been mixed, with two upgrades offset by a downgrade, which helps explain why the average price target has shifted only slightly.Narrative Update • Feb 14
DNLM: Firmer Margins And Reaffirmed FY26 Guidance Will Support Multiple Re Rating
Narrative Update Dunelm Group's analyst price target has edged up to £11.95, with analysts citing slightly firmer revenue growth and profit margin assumptions, alongside a modestly lower discount rate and a marginally reduced future P/E multiple. Analyst Commentary Recent research has produced a mix of optimistic and cautious views on Dunelm Group, with upgrades from JPMorgan and another major broker, alongside a downgrade from a more cautious house.
New Narrative • Feb 01
Multichannel Expansion And Product Elevation Will Shape A Stronger Long Term Outcome
Catalysts About Dunelm Group Dunelm Group is a U.K. based homewares and furniture retailer with both physical stores and a growing digital offering. What are the underlying business or industry changes driving this perspective?Narrative Update • Jan 30
DNLM: Reaffirmed FY26 Profit Guidance Will Support Multiple Re Rating Potential
Analysts have trimmed their fair value estimate for Dunelm Group from £12.21 to £11.94 per share, reflecting slightly softer assumptions on revenue growth and profit margins, even as recent research points to improved margin outlook, solid trading, and the potential for faster growth ahead. Analyst Commentary Bullish Takeaways Bullish analysts highlight the reaffirmed FY26 profit before tax guidance as a sign that management execution is broadly tracking internal plans, which can support confidence in the current valuation framework.Analysis Article • Jan 30
Dunelm Group plc's (LON:DNLM) Intrinsic Value Is Potentially 45% Above Its Share Price
Key Insights Using the 2 Stage Free Cash Flow to Equity, Dunelm Group fair value estimate is UK£13.42 Current share...Narrative Update • Jan 16
DNLM: Margin Outlook And FY26 Guidance Will Support Re Rating Potential
Our updated analyst price target for Dunelm Group moves slightly lower to £12.21 from £12.87 per share, reflecting analysts' more cautious assumptions on discount rate, revenue growth and profit margins, even as recent Street research highlights mixed sentiment with both target raises and a downgrade. Analyst Commentary Recent Street research on Dunelm Group shows a mix of optimism and caution, with several price target changes and at least one rating downgrade.Analysis Article • Jan 08
Some Shareholders Feeling Restless Over Dunelm Group plc's (LON:DNLM) P/E Ratio
There wouldn't be many who think Dunelm Group plc's ( LON:DNLM ) price-to-earnings (or "P/E") ratio of 14.9x is worth a...Analysis Article • Nov 18
Is Now The Time To Look At Buying Dunelm Group plc (LON:DNLM)?
Dunelm Group plc ( LON:DNLM ), might not be a large cap stock, but it saw significant share price movement during...Analysis Article • Oct 18
Dunelm Group's (LON:DNLM) Earnings Offer More Than Meets The Eye
Dunelm Group plc's ( LON:DNLM ) recent earnings report didn't offer any surprises, with the shares unchanged over the...Analysis Article • Oct 10
Dunelm Group (LON:DNLM) Has Announced A Dividend Of £0.28
Dunelm Group plc's ( LON:DNLM ) investors are due to receive a payment of £0.28 per share on 25th of November. This...Analysis Article • Oct 06
We Think Dunelm Group (LON:DNLM) Can Stay On Top Of Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Sep 12
Dunelm Group (LON:DNLM) Will Pay A Dividend Of £0.28
Dunelm Group plc's ( LON:DNLM ) investors are due to receive a payment of £0.28 per share on 25th of November. This...Analysis Article • Sep 11
Estimating The Fair Value Of Dunelm Group plc (LON:DNLM)
Key Insights Dunelm Group's estimated fair value is UK£13.33 based on 2 Stage Free Cash Flow to Equity With UK£10.81...Analysis Article • Jun 17
Is Now An Opportune Moment To Examine Dunelm Group plc (LON:DNLM)?
While Dunelm Group plc ( LON:DNLM ) might not have the largest market cap around , it saw a significant share price...Analysis Article • May 02
What Dunelm Group plc's (LON:DNLM) 27% Share Price Gain Is Not Telling You
Dunelm Group plc ( LON:DNLM ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...Analysis Article • Feb 28
Dunelm Group's (LON:DNLM) Upcoming Dividend Will Be Larger Than Last Year's
Dunelm Group plc ( LON:DNLM ) will increase its dividend on the 8th of April to £0.515, which is 1.0% higher than last...
New Narrative • Feb 17
Investments In Automation And Store Expansion Will Strengthen Market Position In Homewares And Furniture
Dunelm's strategic expansion and product innovation are poised to boost market share and revenue in the homewares sector.Analysis Article • Feb 14
Dunelm Group (LON:DNLM) Will Pay A Larger Dividend Than Last Year At £0.515
The board of Dunelm Group plc ( LON:DNLM ) has announced that it will be increasing its dividend by 1.0% on the 8th of...Analysis Article • Jan 19
Dunelm Group plc's (LON:DNLM) Low P/E No Reason For Excitement
When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") above 16x, you may...Analysis Article • Dec 14
Is There An Opportunity With Dunelm Group plc's (LON:DNLM) 28% Undervaluation?
Key Insights The projected fair value for Dunelm Group is UK£15.49 based on 2 Stage Free Cash Flow to Equity Dunelm...Analysis Article • Nov 15
Shareholders May Be A Bit More Conservative With Dunelm Group plc's (LON:DNLM) CEO Compensation For Now
Key Insights Dunelm Group's Annual General Meeting to take place on 21st of November CEO Nick Wilkinson's total...Analysis Article • Oct 11
Dunelm Group (LON:DNLM) Is Due To Pay A Dividend Of £0.275
The board of Dunelm Group plc ( LON:DNLM ) has announced that it will pay a dividend of £0.275 per share on the 26th of...Analysis Article • Sep 20
Dunelm Group's (LON:DNLM) Earnings Offer More Than Meets The Eye
The market seemed underwhelmed by last week's earnings announcement from Dunelm Group plc ( LON:DNLM ) despite the...Analysis Article • Sep 14
Dunelm Group (LON:DNLM) Will Pay A Dividend Of £0.275
Dunelm Group plc ( LON:DNLM ) will pay a dividend of £0.275 on the 26th of November. This takes the dividend yield to...Analysis Article • Aug 13
At UK£11.78, Is Dunelm Group plc (LON:DNLM) Worth Looking At Closely?
Dunelm Group plc ( LON:DNLM ), might not be a large cap stock, but it saw a decent share price growth of 17% on the LSE...Analysis Article • Jun 08
Is There An Opportunity With Dunelm Group plc's (LON:DNLM) 24% Undervaluation?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Dunelm Group fair value estimate is UK£14.20 Dunelm Group's...Analysis Article • Apr 19
Investors Should Be Encouraged By Dunelm Group's (LON:DNLM) Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...Analysis Article • Mar 29
We Think Dunelm Group (LON:DNLM) Can Stay On Top Of Its Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Feb 22
We Like Dunelm Group's (LON:DNLM) Earnings For More Than Just Statutory Profit
Dunelm Group plc's ( LON:DNLM ) recent earnings report didn't offer any surprises, with the shares unchanged over the...Analysis Article • Jan 29
Is It Time To Consider Buying Dunelm Group plc (LON:DNLM)?
While Dunelm Group plc ( LON:DNLM ) might not have the largest market cap around , it saw a double-digit share price...Analysis Article • Jan 07
A Look At The Fair Value Of Dunelm Group plc (LON:DNLM)
Key Insights The projected fair value for Dunelm Group is UK£11.68 based on 2 Stage Free Cash Flow to Equity With...Analysis Article • Nov 28
We Like Dunelm Group's (LON:DNLM) Returns And Here's How They're Trending
To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...Analysis Article • Nov 10
Shareholders May Be More Conservative With Dunelm Group plc's (LON:DNLM) CEO Compensation For Now
Key Insights Dunelm Group's Annual General Meeting to take place on 16th of November Total pay for CEO Nick Wilkinson...Analysis Article • Oct 26
Does Dunelm Group (LON:DNLM) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Oct 11
Is Dunelm Group plc (LON:DNLM) Potentially Undervalued?
Dunelm Group plc ( LON:DNLM ), is not the largest company out there, but it received a lot of attention from a...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Dunelm Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 27 Dec 25 | 1,804 | 150 | 729 | 0 |
| 27 Sep 25 | 1,787 | 153 | 720 | 0 |
| 28 Jun 25 | 1,771 | 156 | 711 | 0 |
| 28 Mar 25 | 1,749 | 154 | 689 | 0 |
| 28 Dec 24 | 1,728 | 152 | 682 | 0 |
| 28 Sep 24 | 1,717 | 152 | 676 | 0 |
| 29 Jun 24 | 1,707 | 151 | 670 | 0 |
| 29 Mar 24 | 1,691 | 150 | 660 | 0 |
| 30 Dec 23 | 1,676 | 150 | 650 | 0 |
| 30 Sep 23 | 1,658 | 151 | 636 | 0 |
| 01 Jul 23 | 1,639 | 152 | 622 | 0 |
| 01 Apr 23 | 1,630 | 151 | 621 | 0 |
| 31 Dec 22 | 1,621 | 151 | 620 | 0 |
| 30 Sep 22 | 1,601 | 161 | 606 | 0 |
| 02 Jul 22 | 1,581 | 171 | 592 | 0 |
| 02 Apr 22 | 1,497 | 162 | 568 | 0 |
| 25 Dec 21 | 1,412 | 152 | 544 | 0 |
| 25 Sep 21 | 1,374 | 141 | 533 | 0 |
| 26 Jun 21 | 1,336 | 129 | 522 | 0 |
| 26 Mar 21 | 1,264 | 120 | 490 | 0 |
| 26 Dec 20 | 1,192 | 110 | 458 | 0 |
| 26 Sep 20 | 1,125 | 99 | 436 | 0 |
| 27 Jun 20 | 1,058 | 88 | 415 | 0 |
| 27 Mar 20 | 1,096 | 100 | 421 | 0 |
| 28 Dec 19 | 1,134 | 113 | 426 | 0 |
| 28 Sep 19 | 1,117 | 107 | 422 | 0 |
| 29 Jun 19 | 1,100 | 101 | 419 | 0 |
| 29 Mar 19 | 1,078 | 93 | 410 | 0 |
| 29 Dec 18 | 1,057 | 84 | 402 | 0 |
| 29 Sep 18 | 1,053 | 79 | 400 | 0 |
| 30 Jun 18 | 1,050 | 73 | 399 | 0 |
| 31 Mar 18 | 1,045 | 74 | 396 | 0 |
| 30 Dec 17 | 1,041 | 74 | 394 | 0 |
| 30 Sep 17 | 998 | 74 | 375 | 0 |
| 01 Jul 17 | 956 | 73 | 356 | 0 |
| 01 Apr 17 | 924 | 80 | 340 | 0 |
| 31 Dec 16 | 893 | 87 | 324 | 0 |
| 30 Sep 16 | 887 | 95 | 316 | 0 |
| 02 Jul 16 | 881 | 102 | 309 | 0 |
| 02 Apr 16 | 879 | 102 | 306 | 0 |
| 02 Jan 16 | 878 | 102 | 303 | 0 |
| 02 Oct 15 | 857 | 99 | 296 | 0 |
| 04 Jul 15 | 836 | 96 | 289 | 0 |
Quality Earnings: DNLM has high quality earnings.
Growing Profit Margin: DNLM's current net profit margins (8.3%) are lower than last year (8.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: DNLM's earnings have grown by 3% per year over the past 5 years.
Accelerating Growth: DNLM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DNLM had negative earnings growth (-1.7%) over the past year, making it difficult to compare to the Specialty Retail industry average (40.9%).
Return on Equity
High ROE: DNLM's Return on Equity (91.4%) is considered outstanding.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/04 10:45 |
| End of Day Share Price | 2026/06/04 00:00 |
| Earnings | 2025/12/27 |
| Annual Earnings | 2025/06/28 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Dunelm Group plc is covered by 25 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christodoulos Chaviaras | Barclays |
| Richard Taylor | Barclays |
| Anne Critchlow | Berenberg |