Temple & Webster’s first half revenue has jumped 46 per cent to $235.4 million compared to FY21, and 218 per cent up on FY20 – showcasing just how much online homeware sales have grown during the pandemic.
Active customers grew by 34 per cent to an estimated 906,000, following its sixth straight quarter of revenue per active customer growth. Revenue per customer grew 10 per cent, and brand awareness grew to 61 per cent holding well above the business’ targets.
Temple & Webster CEO, Mark Coulter said that the company is becoming one of the fastest-growing retailers in Australia, and has more than tripled sales in the past two years.
“Despite all the challenges that Covid continues to throw to the world, including significant disruptions to global supply chains and domestic logistics, Temple & Webster continues to grow the market, while keeping our customers very happy,” Coulter said.
“Customers [are] shopping more often with us and [are] spending more money when they do.”
In the half-year, the company had invested in its B2B service, which grew by 49 per cent, and its home improvement offerings, which grew 95 per cent. The brand also continues to invest in technology and data teams, logistic services, content and merchandising capabilities.
The second half of the financial year started off strong as well, the business said, with the period between 1 January and 6 February up 26 per cent on the same time last year, and 161 per cent up on the year prior.
We remain confident our strategy is resonating with the next generation of shopper, and that we are well placed to continue to take share in the markets we are operating in,” the business said.