Temple & Webster maintains debt-free status amid solid revenue gains
Temple & Webster Group (ASX:TPW) provided a positive trading update at its 2024 Annual General Meeting, held today.
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Temple & Webster Group Ltd
Temple & Webster is Australia’s Number 1 online-only retailer of furniture and homewares.
Temple & Webster believe that everyone wants to live more beautifully, and we want to be the first place Australians turn to when shopping for their homes.
Temple & Webster are famous for offering the biggest range (with more than 180,000 products available to search 24/7), the most inspiring curated collections and beautiful content, matched with fast shipping around Australia and world-class customer service. Plus there are our famous limited-time sale events that bring you the brands and looks you love at fantastic prices.
Temple & Webster was launched in Sydney in October 2011. Our four co-founders wanted to make shopping for your home a pleasure with a beautiful and easy online shopping experience.
From small beginnings, we’ve grown into an open online retail site that offers more than 180,000 products, with a subscriber base of more than 1 million Australians who are passionate about their homes. We’re proud to have been awarded Startup Smart’s Best Startup for 2015 and pick up SmartCompany’s Best Blog Award for the 2nd year in a row. We were ranked #1 retailer in the 2014 BRW Fast Starters Awards and we’re the fastest growing “Deloitte Tech Fast 50” Internet retailer since the Deloitte Tech Fast 50 Awards were launched in 2001. Sparke Helmore also recognised us as “The Australian Growth Company to Watch” in 2014.
Temple & Webster Group listed on the Australian Securites Exchange in late 2015, and the group now includes private label furniture brand Milan Direct, sold through Temple & Webster.
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Temple & Webster defies retail slump
Online homewares retailer Temple & Webster (ASX:TPW) has bucked the trend of a subdued retail sector, delivering record annual sales and sending its share price skyrocketing. The company’s shares surged by 23.8 per cent by mid afternoon on Tuesday, reaching their highest level since early May.
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Strong performance from underdogs Temple & Webster and Breville
The recent lackluster performance of JB Hi-Fi (ASX:JBH), marked by weak profits and dividend cuts, has drawn attention to the resilience and success of smaller players in the retail sector. Two notable standouts, Temple & Webster (ASX:TPW) and Breville (ASX:BRG), have defied expectations with solid financial reports despite challenging economic conditions.
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Temple and Webster reports strong start to FY24
Online homewares retailer Temple and Webster (ASX:TPW) has announced a robust beginning to the new financial year, with sales surging, especially during the four-day Black Friday-Cyber Monday period over the weekend.
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Temple & Webster’s steady rebound following a challenging year
Temple & Webster (ASX:TPW), a standout during the pandemic's online retailing surge, is now on the path to recovery after facing difficulties for most of the 2022-23 financial year.
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Bottom Line Buzz: BRG, TPW, SWM
The local reporting season for the December period is picking up steam - here are the important bits from the announcements by Breville Group, Temple & Webster and Seven West Media.
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Market Taken In by Temple & Webster Turnaround
Investors surprised yesterday by lapping up what was a mixed trading update from online retailer Temple & Webster, sending the shares more than 18% higher at one stage.
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TPW’s Designs on the Future Intact Despite Headwinds
Online furniture and homewares group Temple & Webster ran into some headwinds in the year to June just as the company was expanding other parts of its business.
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TPW – UBS rates the stock as Neutral
The broker envisages downside risk to medium-term earnings expectations for Temple & Webster and downgrades to Neutral from Buy. Target is reduced to $4.25 from $8.20.
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Upbeat Retailers Find Market a Tougher Sell
A number of leading retailers of all sizes presented trading updates to the Macquarie investment conference yesterday. Some numbers were solid but investors remained unimpressed.
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