Chanticleer

How Temple & Webster won day two of profit season

CSL was the headline result, but it was Seek which was hit hardest on results day. Here’s what caught our eye.

Aug 13, 2024 – 3.02pm

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The big result | You could have been forgiven for thinking you were on an American conference call on Tuesday, as online furniture retailer Temple & Webster delivered its 2024 result. Almost every analyst question started with a congratulatory message for chief executive Mark Coulter.

And why not? The result blew market expectations away, with earnings before interest, tax, depreciation, and amortisation delivering $13.1 million, about 23 per cent above what investors were looking for.

James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.