ASX Shares All Orders Temple & Webster Group Ltd. (ASX:TPW) slips today.

Shares of the online furniture and housewares retailer closed Friday at $12.54. As of Monday morning, shares were trading for $12.28 each, down 2.1%.

For some context, the Index of all ordinary acts (ASX:XAO) is up 0.2% in the same period.

This underperformance follows the company’s AGM speech and trading. update.

Here’s what we know.

ASX All Ords share falls despite strong start to 2025 financial year

Investors have not yet reacted positively despite the good results announced for the period from July 1 to Thursday October 24.

The ASX All Ords share said it was able to continue to gain market share during the period despite continued cost of living pressures affecting Australian consumers.

Temple & Webster announced that revenue for the first three months of fiscal 2025 was up 21% compared to the same period of fiscal 2024. Average order value was again growing and about 60% of the company’s orders came from repeat customers.

Management also noted that margin levels were in line with the company’s target range, despite some headwinds from rising international freight rates.

Looking at what could impact the ASX All Ords share in the coming months, the company highlighted that it expects the November and Black Friday sales period to be increasingly important , especially for online shopping.

Temple & Webster said it remains on track to achieve its mid-term goal of $1 billion in annual revenue within three to five years (starting in fiscal 2023). Management also reaffirmed earnings before interest, taxes, depreciation and amortization (EBITDA) margin forecasts for the 2025 financial year of between 1% and 3%.

On the balance sheetTemple & Webster has more than $100 million in cash and has no debt.

What did management say?

Commenting on the ASX All Ords share performance for the 2024 financial year, Temple & Webster CEO Mark Coulter said:

Our growth was driven by a significant increase in the number of active customers, up 31% year-on-year. This was driven by healthy growth in new and repeat customers, with orders from repeat customers increasing by 36% year-on-year, accounting for 57% of all orders.

On the technological side, he added:

We continue to make good progress in creating market-leading AI, data and technology capabilities. In FY2024, we added new hires to the team, combining knowledge in machine learning and generative AI.

Looking ahead, Coulter said:

As I mentioned earlier, the media mix modeling analysis provided promising results, giving us the confidence to continue our investment in the brand in FY25, including a cross-brand campaign. channel over the November, December and Black Friday sales period.

How has ASX All Ords stock been tracking?

Temple & Webster’s stock price performed strongly. Over the past 12 months, ASX All Ords shares are up 126%.