Temple & Webster Group Ltd (AU:TPW) has released an update.
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Temple & Webster, Australia’s largest online furniture and homeware retailer, has announced an on-market share buy-back program of up to $30 million, set to start on June 17, 2024, and potentially run for 12 months. The buy-back reflects the company’s solid financial position, with over $100 million in cash reserves and no debt, and follows a successful prior buy-back where 4.2 million shares were repurchased. The company will continue to evaluate the market and may adjust the program as needed, maintaining the flexibility to pursue growth opportunities.
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