Online furniture and homeware retailer Temple & Webster (ASX: TPW) achieved record revenue of $426.3 million during FY22 despite a challenging year, and although the company posted a lower net profit, investors pushed the shares more than 20 per cent higher on the news.
Temple & Webster’s net profit of $11.97 million for FY22 was 14.2 per cent down on the previous year, but the result was impacted by the $1.7 million spent on its new home improvement site, The Build.
