New Street: TPW 2HFY22 Update - Potential for a Post-Election Rebound
What’s New: TPW has provided business updates where revenue grew by 23% YoY for the period Jan 1 to Apr 30. FY22 EBITDA margin is expected to be ~3% (excluding investments in The Build), which is in-line with prior guidance of 2-4%. The company also announced a separate platform “The Build by Temple & Webster” to cater to the DIY home improvement market where TPW would put out an initial investment of A$10mn across FY22 and FY23.Analysts:
Jin Yoon
Temple & Webster sells furniture, homeware, and other lifestyle products through its online, member based website.
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