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

Reuters
28 Oct 2024

** 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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10