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Temple & Webster Group Ltd (ASX:TPW)

ALERT: Price-sensitive ASX Announcement for TPW
Current share price for TPW : $5.550 0.23 (4.32%)+
Announcement
Release
13 May 2026 8:34AM
Price at Release
$5.320
Full Release
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Summary
Temple & Webster Group Limited, a leading online retailer of furniture and homewares in Australia, announced a trading update on May 13, 2026. The update highlights the company's strategic response to the current low consumer confidence in the market, with a successful implementation of a margin optimization program. This has resulted in an increase in EBITDA to approximately $2.5 million for April, marking the most profitable April in the company's history. The company anticipates FY26 revenue and EBITDA to range between $665-675 million and $20-22 million, respectively, showing a growth of 11-12% and 6-17% compared to the previous corresponding period. Looking forward, the company expects FY27 EBITDA to potentially double to around $40 million under current margin run-rates, positioning it strongly for future expansion. Temple & Webster continues to focus on increasing market share, aiming for $1 billion in revenue by FY28, while maintaining flexibility in managing profit and growth amid economic uncertainty.
Key Points
  • Temple & Webster remains focused on the ~$40 billion furniture, homewares, and home improvement markets.
  • Consumer confidence has reached historic lows, prompting a rebalance between profit and growth.
  • Implemented margin optimization program leads to a record April EBITDA of ~$2.5 million.
  • FY26 revenue expected to be $665-675 million, with EBITDA at $20-22 million, showing positive growth.
  • Current profit margins could result in FY27 EBITDA doubling to ~$40 million.
  • Strong balance sheet supports both organic and inorganic growth opportunities.
  • Temple & Webster is on track to achieve $1 billion revenue by FY28.
  • New promotional strategies, catalog repricing, and supplier support have improved profitability.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.