Temple & Webster (ASX:TPW), Nick Scali (ASX:NCK) and Kogan.com (ASX:KGN) operate across different parts of Australia’s retail market. Temple & Webster is centred on online furniture and homewares, Nick Scali combines physical stores with digital sales across furniture retail, while Kogan.com operates an online retail, marketplace and services platform.

Their FY26 results provide updates on revenue, profitability, customer activity and expansion initiatives, while early FY27 disclosures show differing trading conditions across the three businesses.

Temple & Webster (ASX:TPW)

Temple & Webster (ASX:TPW) is an online furniture and homewares retailer using an asset-light model that combines drop-shipping with selected inventory. Its product range extends across furniture, homewares, home improvement and trade-related categories.

For FY26 ended 30 June 2026, Temple & Webster reported total Revenue of approximately A$664.6 million. Reported EBITDA was A$21.9 million, while underlying EBITDA excluding foreign-exchange effects reached A$25.9 million. The company finished the financial year with approximately 1.3 million active customers and cash of A$122.7 million.

Temple & Webster continued investing in technology, artificial intelligence and merchandising capabilities during the period. These initiatives are being used across areas including product discovery, customer experience and operational processes.

Early FY27 trading was softer. The company reported that revenue between 1 July and 17 August 2026 was approximately 13% below the corresponding period. For FY27, Temple & Webster provided an EBITDA target range of A$33 million to A$40 million.

The company’s subsequent updates will provide further information on revenue trends, customer activity and progress toward its FY27 Earnings target.

Nick Scali (ASX:NCK)

Nick Scali (ASX:NCK) operates an omni-channel furniture retail Business across Australia, New Zealand and the United Kingdom. Its portfolio includes the Nick Scali and Plush brands, supported by physical stores and online sales channels.

For FY26, Nick Scali reported group revenue of A$516.7 million and net profit after tax of A$75.7 million. Group gross Margin was 65.6%, while the company declared a fully franked final Dividend of 39 cents per share.

The Australia and New Zealand business generated revenue of A$476.7 million and segment profit of approximately A$80.5 million. The company’s UK operations recorded a full-year net loss of A$4.8 million, while the second half produced a profit of approximately A$0.8 million. UK gross margin reached 60.3% for the year.

During the first five weeks of FY27, Australia and New Zealand written sales orders were broadly unchanged, while UK written sales orders increased by approximately 35%. Nick Scali continues to progress its UK store network alongside its established Australia and New Zealand operations.

Future updates will provide further information on UK store development, sales orders and margins across the group.

Kogan.com (ASX:KGN)

Kogan.com (ASX:KGN) operates an online retail and marketplace platform. Its activities include first-party retail, Kogan Marketplace, exclusive brands, Kogan First and services across areas such as telecommunications and insurance.

For FY26, group gross sales exceeded A$1.04 billion, while statutory revenue reached A$510.7 million. Core Kogan.com revenue was A$425.2 million, group Gross Profit reached A$210.9 million and adjusted EBITDA was A$41.8 million. Statutory net profit after tax was A$11.2 million.

Kogan declared a fully franked final dividend of 8 cents per share, taking the FY26 total distribution to 16 cents per share. The company also continued its on-market share buyback program.

Kogan’s operating strategy includes development of its marketplace, exclusive-brand portfolio, subscription offering and services businesses. Kogan First remains part of the company’s recurring customer strategy, while inventory management continues to be an important component of its retail operations.

Retail Sector Activity

Temple & Webster (ASX:TPW), Nick Scali (ASX:NCK) and Kogan.com (ASX:KGN) have different retail models despite their common exposure to discretionary consumer spending.

Temple & Webster operates primarily through online furniture and homewares. Nick Scali combines a store network with online retail and an expanding UK presence. Kogan.com operates across online retail, marketplace sales, subscriptions and services.

Household spending, housing activity, customer acquisition, inventory management and operating costs can affect each business differently.

Key Risks

Temple & Webster remains exposed to discretionary spending conditions, changes in online furniture Demand and execution against its FY27 EBITDA target. The softer early FY27 revenue period also places emphasis on subsequent trading updates.

Nick Scali remains exposed to furniture demand, store productivity and execution across its UK operations. Expansion expenditure and the timing of improved profitability from the UK business remain relevant.

Kogan.com faces competition across Australian e-commerce, changes in discretionary spending and risks associated with inventory and product mix. Performance across its marketplace, subscription and services businesses can also affect group margins.

Foreign-exchange movements, freight costs and sourcing conditions remain common operational considerations for retailers importing products.

What Investors May Watch Next

For Temple & Webster (ASX:TPW), subsequent trading updates will provide information on whether revenue trends improve through FY27 and how the company progresses toward its A$33 million to A$40 million EBITDA target.

For Nick Scali (ASX:NCK), future disclosures will provide further detail on written sales orders, UK store development and profitability across the international business.

For Kogan.com (ASX:KGN), updates on gross sales, marketplace activity, Kogan First and margins will provide further information on the performance of its online retail platform.