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Core Viewpoint - Temple & Webster Group Ltd experienced a significant share price drop of 28% following its trading update for FY26, despite reporting positive revenue growth and market share gains [1][7]. Group 1: Trading Performance - Revenue from July 1 to November 20, 2025, increased by 18% year on year, indicating strong market share growth [2]. - The home improvement segment showed exceptional performance with over 40% year-on-year revenue growth, while the trade & commercial segment grew by 23% year on year [3]. - Average order values rose by 3% year on year, and active customers reached record levels, with a growing proportion of repeat customers [2][3]. Group 2: Financial Goals and Position - The company remains on track to achieve its mid-term goal of $1 billion in annual revenue by FY28, with an EBITDA margin target of 3-5% for FY26 [4]. - Temple & Webster has a strong cash position exceeding $150 million, enabling it to pursue an on-market share buy-back [4]. Group 3: Expansion Efforts - The company launched shipping to New Zealand in October 2025, generating over $100,000 in revenue within the first six weeks and attracting multiple repeat customers [5][6]. - The investment in New Zealand is projected to incur additional costs of $2 million to $3 million for FY26, but the market opportunity is considered attractive due to the lack of mid-market online players in the region [5][6]. Group 4: Market Sentiment - The recent trading update indicates a deceleration in revenue growth compared to the previous period, raising concerns about future sales performance [7]. - Despite the share price decline, there is a belief that this could present a buying opportunity for investors who maintain confidence in the company's long-term prospects [8][9].

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Group 1 - The article does not provide any specific information or data regarding companies or industries [1]