UK's Dunelm sees annual profit at lower end of market view on weak consumer spending

Dunelm said annual profit is expected at the lower end of market expectations, citing persistently weak consumer spending. The retailer linked the demand softness to uncertainty stemming from the conflict in the Middle East. The update points to cautious near-term trading but does not indicate a severe deterioration.

Analysis

Dunelm said annual profit is expected at the lower end of market expectations, citing persistently weak consumer spending. The retailer linked the demand softness to uncertainty stemming from the conflict in the Middle East. The update points to cautious near-term trading but does not indicate a severe deterioration.