Dunelm Group (DNLM): Furniture availability recovery

This situation live

£1,790m · 856.5p · −9% since the first step

16 Jul 2026 · Guidance stabilised in line with £210m consensus · −12% until the next step We expect full-year PBT to be in line with our previous guidance and current consensus4 expectations.

Upgrade / downgrade cycle

Furniture availability recovery

FY27 guidance held; H1 PBT to be lower

JAN14 Next: Q2 trading update in 82 days

Every step · 5

10 Feb 2026 Shortfalls on key lines; recovery plans in place – the forecasting and ordering of a small number of key product lines did not match up to customer demand, resulting in availability shortfalls for those products. ↗
16 Apr 2026 Lowered to lower end of consensus – We therefore currently expect PBT for FY26 to be towards the lower end of consensus expectations 3. ↗
16 Jul 2026 Guidance stabilised in line with £210m consensus – We expect full-year PBT to be in line with our previous guidance and current consensus4 expectations. ↗
8 Sep 2026 FY26 PBT landed at £211.0m; FY27 start soft – In a separate announcement today, we update on our strategic plans, including medium term targets and FY27 guidance ↗
15 Oct 2026 FY27 guidance held; H1 PBT to be lower – we currently expect adjusted PBT5 to be lower than the prior year for the first half ↗

What is happening

Dunelm Group: Furniture availability recovery – FY27 guidance held; H1 PBT to be lower. ['FY27 guidance held; H1 PBT to be lower']

In short: Guidance went from 'in line' in October 2025 to the lower end of consensus in April 2026, then in line with £210m consensus in July. FY26 PBT of £211.0m was flat. On 15 Oct 2026 the company kept FY27 adjusted PBT broadly in line with FY26 after the soft, hot-weather start, but now expects H1 PBT below last year, with benefits weighted to H2.
Announced: 10 Feb 2026 · Shortfalls on key lines; recovery plans in place
Latest: 15 Oct 2026 · FY27 guidance held; H1 PBT to be lower
FY26 PBT: £211.0m, flat on FY25
Early FY27: significantly softer first six weeks due to hot weather; better after cooler weather
Next milestone: Q2 trading update on 14 January 2027
FY27 guidance: Adjusted PBT unchanged, broadly in line with FY26 (15 Oct 2026)
H1 FY27 PBT: Expected lower than prior year; benefits weighted to second half
Q1 sales: £433m, +1.1%; c.-3% first six weeks, c.+4% final seven weeks

Q2 trading update (14 Jan 2027).

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

From the company's own announcements. Not investment advice.

Also at Dunelm Group 1 open