MARKET TALK: Dunelm FY Sales In Line - KBC

13th Jul 2010 07:44

0644 GMT [Dow Jones] Dunelm's (DNLM.LN) trading update shows full year like-for-like sales up 8%, in keeping with KBC's 7.5% forecast, the brokerage says. Says with the group trading from 94 superstores against an initial UK target of 150-200 stores, there remains significant growth to come. Adds the shares may struggle to make progress in the short term as like-for-like sales growth remains muted and economic headwinds drive sentiment, but they continue to offer excellent long-term growth prospects. Shares closed Monday at 358p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 13, 2010 02:44 ET (06:44 GMT)