Dunelm sees lower annual profit as virus shut stores

July 15 (Reuters) - British home furnishing retailer Dunelm DNLM.L said on Wednesday it expects a lower annual pretax profit after its stores were shut due to the coronavirus-linked lockdown and continues to take a cautious view of the short to medium-term outlook.

The company, which sells furnishings ranging from cushions and bedding to kitchen equipment, expects pretax profit between 105 million pounds ($132.08 million) and 110 million pounds for the year ended June 27, compared to 125.9 million pounds last year.

($1 = 0.7950 pounds)

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shailesh Kuber)

((tanishaa.nadkar@thomsonreuters.com; +919730172534; Twitter - @TanishaaNadkar;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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