Temple & Webster Group Ltd (AU:TPW) has released an update.
Temple & Webster, Australia’s leading online furniture and homewares retailer, reports a robust 30% sales increase over the half-year, attributing the growth to both new and returning customers. Despite a general market downturn, the company is experiencing significant market share gains, with exclusive products driving revenue and internal AI solutions improving conversion rates. The firm maintains its EBITDA guidance and highlights its strong financial position with over $100 million in cash and no debt.
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