Temple & Webster names Susie Sugden CEO, pivots to profit as shares crater 63%
Australian homeware e-tailer guides FY revenue of A$665M-675M (11-12% growth) and targets ~A$40M EBITDA by FY27 and A$1B revenue by FY28, balancing growth with margin discipline as consumer confidence sits at historic lows.
Australian homeware e-tailer Temple & Webster is pivoting to balance profit with growth amid weak consumer confidence, naming Susie Sugden as new CEO. It guides FY revenue of $665-675M and targets doubling EBITDA to ~$40M by FY27.
Why this matters
CEO transition marks a strategic reset for Temple & Webster, shifting from pure growth to balanced profitability after a 63% share decline signaled investor concern over execution and margin trajectory.
Leadership signals steady at 35 in the last 90 days, reflecting ongoing C-suite churn across retail.