Temple & Webster trading update overview

Temple & Webster (ASX: $TPW) has reported a strong trading update, with sales from 1st Jan to 5th May up 30% compared to the prior corresponding period. The company reiterated its full year EBITDA guidance range of 1-3% and highlighted its well-funded position with cash in excess of $100m and no debt.

Executive commentary on trading update

CEO, Mark Coulter, stated, 'Temple & Webster continues to deliver on its customer promise of delivering beautiful products at outstanding value. This proposition is clearly resonating with shoppers who continue to take advantage of the value that online shopping can deliver. While the overall furniture and homewares market is down 4% due to cost-of-living pressures, our strong growth highlights the significant market share gains we are making.' Coulter also reiterated the company's EBITDA guidance of 1-3% and expressed optimism about updating the market further at the full year result in August.

Summary of Temple & Webster trading update

Temple & Webster (ASX: $TPW) has reported a robust trading update, showcasing a 30% sales growth from 1st Jan to 5th May compared to the prior corresponding period. The company reiterated its full year EBITDA guidance range of 1-3% and emphasized its strong market share gains despite a 4% decline in the overall furniture and homewares market. With a suite of internal AI solutions delivering conversion rate increases of over 10% and trade & commercial and home improvement growth initiatives both delivering over 30% growth, Temple & Webster remains focused on its key growth pillars. The company looks forward to updating the market further at the full year result in August, demonstrating its commitment to delivering value to customers and sustaining its growth trajectory.