0502 GMT - Furniture retailer Temple & Webster's sales looks set to keep growing at a faster pace than those at more established U.S. peer Wayfair, Macquarie analysts say. They tell clients in a note that favorable year-earlier comparisons will help carry Australia's Temple & Webster to 20% on-year sales growth over the six months through June, down from 24% in the December half. That's still better than Wayfair is managing, they point out. International sales dragged on Wayfair's March quarter sales, which were flat. The Macquarie analysts reiterate that Temple & Webster is about five years behind Wayfair in maturity. Macquarie has an outperform rating and a A$17.60 target price on the stock, which is down 3.3% at A$17.43. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 05, 2025 01:02 ET (05:02 GMT)
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