‘Immune to macro forces’: Temple & Webster surges as home makeovers boost earnings

Online furniture retailer Temple & Webster is largely unfazed by the prospect of falling property prices and the cost of living crunch after exceeding market expectations with a 31 per cent jump in revenue.

“What we want to make sure is that we still position ourselves as a really great value retailer, if you’re staying [in one house] and redecorating or if you’re moving because you can afford to get into the property market now.” Temple & Webster shares surged over 26 per cent to trade at $5.57 after the business raised its earnings margin guidance for 2023.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX LIVE: Australian shares are poised to rise, earnings and more earningsAustralian shares set to open higher. Reporting on Monday: Beach Energy, BlueScope Steel, Carsales, GPT Group. $A steady. Follow updates here.
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX LIVE: Australian shares are poised to rise, earnings and more earningsASX to open higher; GPT reduces interim distribution as profit slides; Bendigo final dividend flat; BlueScope increases buyback; Nearmap receives takeover offer. Follow updates here.
Source: FinancialReview - 🏆 2. / 90 Read more »