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Market darling Temple & Webster’s shares plummet despite sales boom – Sydney Morning Herald

Online furniture and homewares retailer Temple & Webster has continued to benefit from a COVID-induced boom in internet shopping, reporting more profit for the first 16 weeks of the 2021 financial year than for the entire 2020 financial year. But investors fear a hangover after the boom, sending its shares diving.
At a trading update ahead of its annual general meeting on Wednesday, chief executive Mark Coulter said the retailer’s earnings before interest, tax, depreciation and amortisation (EBITDA)…

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