Business
Coronavirus darlings face profit season test: Temple & Webster’s rise and challenge – The Australian Financial Review
Temple & Webster’s growth is still surging, but the coronavirus peak has passed. Investors will need to decide whether they stick with these pandemic winners.
But Temple & Webster shares plunged by as much as 8 per cent on Tuesday morning (eventually settling down about 5 per cent to $10.47) as investors digested the fact that while the retailers revenue growth remains impressive, it is slowing revenue growth was running at 160 per cent in July and August last year, and 138 per cent between July and October.
This slowdown was to be expected as Australian life finds its COVID-19 normal and theres no doubt Temple & Websters growth remains spectacular.
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