Business
Is the Temple & Webster (ASX:TPW) share price a bargain buy?
The Temple & Webster Group Ltd (ASX: TPW) share price has been a poor performer in recent months and particularly last week.
During the five days, the online furniture and homewares retailer’s shares tumbled 12%.
And while the Temple & Webster share price is pushing higher today, it is still down 31% from its 52-week high.
Why did the Temple & Webster share price crash lower?
Investors were selling the company’s shares last week after the release of its third quarter update.
Although Temple & Webster is still performing positively and growing its sales strongly, it warned that it would now be focusing on growing its market share at the expense of margins.
This includes increasing its marketing spend to build strong brand…
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