Business
Temple & Webster’s profits soar nearly 500% in online shopping splurge – Sydney Morning Herald
The homewares and furniture retailer has seen its earnings shoot up as consumers stuck at home during the coronavirus crisis went on an online shopping spree to improve their living rooms.
Homewares and furniture retailer Temple & Webster has seen its earnings shoot up by nearly 500 per cent as consumers stuck at home during the coronavirus crisis went on an online shopping spree to improve their living rooms.
At its full-year results announcement on Tuesday, the online-only retailer said its earnings before interest, tax, depreciation and amortisation (EBITDA) came in at $8.5 million for the year to June 30, a 483 per cent increase on the $1.5 million reported in the previou…
Continue Reading