TPW +14.07%: the furniture ecommerce business hosted its AGM today with the company saying there are signs cost pressure are starting to ease. While sales were down -14% for the FY to 27 November, revenue was up in the first 4 weeks of November. The company maintained guidance of double-digit revenue growth for the year and margins between 3-5%. The biggest positive takeaway though was signs of deflation in factory and container costs. Supply chain costs have been a major headwind in the space over the last 12 months with today’s announcement showing the heat is starting to come out – an outcome supported by the more benign CPI print at 11.30 this morning.
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Buy Hold Sell: The best and worst performers of FY25
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Buy Hold Sell: The best and worst performers of FY25
James Gerrish & Henry Jennings
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