1% year-on-year to £472 million, according to multiple reports. However, Dunelm's shares fell in early trading on Thursday amid the uncertainty. The company expects annual pre-tax profits at the lower end of market expectations of between £210 million and £217 million.
Dunelm anticipates only a small direct cost impact from the war in Iran in this financial year, though the exact financial amount has not been disclosed. " Analysts noted broader consumer confidence concerns, with Dan Coatsworth, head of markets at AJ Bell, describing how consumer confidence has been rocked by the energy shock created by the conflict in Iran, according to Daily Mail - Money. Similarly, Tesco boss Ken Murphy described the war in Iran as creating further uncertainty in its outlook for the year, according to Daily Mail - Money.
Consumer confidence has been rocked by the energy shock created by the conflict in Iran.
It remains unclear what specific measures Dunelm is taking to mitigate the impact of reduced consumer confidence and softening sales, or whether other major UK retailers beyond Tesco are similarly warning about the war's impact on their outlooks.
Although the external environment is not helpful in the short term, we continue to focus on the areas within our control – strengthening our proposition while operating efficiently and effectively.
We saw further sales growth in Q3, against an uncertain backdrop for both customers and businesses.
The war created further uncertainty in its outlook for the year.