Temple & Webster (TPW)

Simon Turner

Senior Equity Analyst

8 am October 23, 2020


Prior close: $11.60

When good is bad

It is not often you see a stock price fall 17% on a day when a company reports that its revenue and EBITDA are tracking well ahead of market expectations. Yet Temple & Webster’s AGM update resulted in that happening. We investigate why and whether the investment case has changed for this online retailer of furniture and homewares.

AGM update

TPW’s management indicated that the 2021 financial year started strongly, with 138% revenue growth between July 1 and October 19.

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