2331 GMT - Temple & Webster could still be on course for a 25% lift in annual revenue despite what looks to Citi analyst James Wang like a slight moderation in growth through its fiscal 1Q. Wang tells clients in a note that the online furniture retailer's latest update implies that on-year sales growth slowed from 26% in mid August to 18% over the rest of the quarter, which concerns him. However, he thinks that underlying momentum looks fine. The impact of higher shipping costs on margins is an emerging risk, he adds. Citi has a buy rating and A$13.50 target price on the stock, which is down 3.4% at A$12.11. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 27, 2024 19:31 ET (23:31 GMT)
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