2334 GMT - Temple & Webster's recent discounting prompts Citi analyst Sam Teeger to wonder if this pricing practice is the new normal. The Australian furniture retailer's revenue growth accelerated late in its fiscal first half, but Teeger says this may have been led by discounting. He tells clients in a note that it looks as though this approach led to a 31.4% gross margin for the December half, well below consensus of 32.9%. More positively, he points out that Temple & Webster's increased net cash balance gives it the ability to accelerate growth both organically and inorganically. Citi has a last-published "neutral" rating and A$15.38 target price on the stock, which is down 21%, at A$9.00. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 11, 2026 18:34 ET (23:34 GMT)

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