Temple & Webster Group Ltd (AU:TPW) has released an update.
Temple & Webster, Australia’s leading online retailer for furniture and homewares, reports a strong performance with a record $498 million revenue, up 26% year-on-year, and a 31% increase in active customers, reaching 1.1 million. The company’s effective use of AI has led to significant cost savings and over 10% improvement in conversion rates, positioning them well towards their goal of $1 billion in mid-term annual sales. Additionally, newly appointed CFO Cameron Barnsley brings extensive financial services experience, promising to aid in the company’s growth trajectory.
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