Temple & Webster said that the US-China tariff war has been beneficial for its business, noting significant growth in its revenue.
The pure-play online furniture and homeware retailer said that its January 1 to May 5 revenue rose 18 per cent from the year-ago period.
Its March 1 to May 5 revenue surged 23 per cent.
The company noted that it now expects its FY25 EBITDA margin to be towards the top end of its guidance range.
“To date, the US-China tariff war has been a net positive for our business, most directly felt through lower inbound shipping rates (forward rates down ~20%),” said Mark Coulter, Temple & Webster CEO.
“If these deflationary effects continue, combined with some of the macro tailwinds we are seeing (such as reducing interest rates and stimulatory Australian government policies around housing), we should see market conditions improve further.”