‘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.

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