Australia's Temple & Webster loses most in more than nine years on slow revenue growth

Nick Scali

26/11/2025 24:35

Updates with Jefferies' comment

** Shares of Temple & Webster TPW.AX fall as much as 32.9% to A$13.71, posting their largest intraday pct drop since late April 2016

** Stock hits its lowest level since February 5, among top losers on the broader benchmark .AXJO, which is trading up 1.1%

** Online homeware retailer logs 18% revenue growth for the July 1-November 20 period, slower than the 28% growth recorded for the July 1-August 11 period

** Revenue growth below Visible Alpha's estimate of 23% for 1H26

** Citi says weakening revenue growth consistent with slowdown in web and app traffic

** However, Citi flags pace of slowdown "surprising" given recent updates from rivals, including Nick Scali NCK.AX

** Meanwhile, brokerage Jefferies sees macro environment as continuing to be challenging for discretionary retail

** More than 827,000 shares change hands, 2.4 times the 30-day average

** Stock up 14.2% YTD, including day's moves

(Reporting by Nikita Maria Jino and Roshan Thomas in Bengaluru)

((Nikita.Jino@thomsonreuters.com))