BUZZ-Australia's Temple & Webster falls on moderating sales update

Reuters
2024-10-28

** Shares of Australia's Temple & Webster fall as much as 5.8% to A$11.81

** Stock hits lowest since Sept. 24 and is on track for its weakest trading session since early Oct

** TPW posts 21% growth for 1H25-to-date as compared to 26% at its mid-August update

** TPW update implies growth slowed to 18% between late August and October, says analysts at Citi

** Brokerage says moderation in exit sales run-rate is concerning for the online furniture retailer

** Stock has risen 43.8% this year, as of last close

(Reporting by Rishav Chatterjee in Bengaluru; Editing by Stephen Coates)

((Rishav.Chatterjee@thomsonreuters.com;))

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