It has been a challenging couple of weeks for the Beach Energy Ltd (ASX: BPT) share price.

The energy provider released its full-year results on 15 August, reporting an increase across key financial metrics despite production falling.

The board also opted to maintain its upcoming dividend to shareholders.

However, this wasn’t enough to stop the bloodshed with its shares falling 11.08% on the day.

At market close on Friday, the Beach Energy share price finished trading at $1.76, up 0.28%.

Let’s take a look below at what you need to know in regard to the latest dividend.

What’s the deal with the Beach Energy final dividend?

The Beach Energy share price has backtracked recently as investors vented their frustration following the company’s financial scorecard.

The company is set to pay out 1 cent per share to wrap up the 12 months that ended 30 June 2022. That means the company has decided to keep the dividend at the same price since its interim results in 2016.

Beach Energy will pay the final dividend to eligible shareholders on 30 September.

However, to be eligible you’ll need to own the company’s shares before the ex-dividend date which falls on 30 August. This means if you want to secure the dividend, you will need to purchase the company’s shares before market close next Monday.

It is worth noting that on the ex-dividend day, the share price traditionally falls in proportion to the dividend amount.

The dividend is fully franked which means that investors will receive tax credits for this.

Based on Friday’s closing price, Beach Energy has a dividend yield of 1.2% and a market capitalisation of $4 billion.

The post Hoping to bag the next Beach Energy dividend? Here’s what you need to do appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Tuesday
• ASX reporting season weekly wrap: Winners and losers
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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We might be on the home stretch of ASX reporting season but there are still some big S&P/ASX 200 Index (ASX: XJO) shares yet to report.

Keep your eyes peeled for financial results from these three popular ASX 200 shares next week.

A2 Milk Company Ltd (ASX: A2M)

To kick things off, former ASX 200 market darling A2 Milk will lift the lid on its full-year results on Monday.

The A2 Milk share price has taken centre stage in recent weeks as the company tries to crack into the United States’ infant formula market.

In unfortunate news for shareholders, these plans remain stalled as the company awaits approval from the US Food and Drug Administration (FDA).

This comes despite the FDA granting rival Bubs Australia Ltd (ASX: BUB) approval in May to ship 1.25 million tins of baby formula to the US.

Analysts at Bell Potter are expecting A2 Milk to report FY22 sales of NZ$1,407.2 million, reversing its fortunes from the first half of the year to deliver 17% growth.

Bell Potter is also expecting a rebound in A2 Milk’s profits, pencilling in an adjusted net profit after tax (NPAT) of NZ$108.6 million, up 35% year on year.

Fortescue Metals Group Limited (ASX: FMG)

Fortescue is another ASX 200 share preparing to release its full-year results on Monday.

Investors have already been given a preview of what to expect through the company’s quarterly production reports.

In the latest fourth-quarter update, Fortescue reported record iron ore shipments of 49.5 million tonnes and average revenue of US$108 per dry metric tonne.

As a resources business, Fortescue’s short-term success is largely tied to the performance of the iron ore price.

But looking further afield, the company has big plans for green energy through its Fortescue Future Industries business. 

Analysts at Goldman Sachs are expecting Fortescue to declare a fully franked final dividend of 99 cents. This would bring total FY22 dividends to $1.85, down nearly 50% compared to the prior year.

Even still, Fortescue shares would be sporting an eye-catching prospective dividend yield of 10%. That said, the sustainability of this yield is coming into question.

Woodside Energy Group Ltd (ASX: WDS)

According to our Foolish ASX reporting season calendar, Woodside will release its first-half FY22 results on Tuesday.

The company completed its multi-billion-dollar merger with BHP Petroleum on 1 June 2022. So, these results should include one month’s contribution from BHP’s oil and gas portfolio.

The Woodside share price is having a stellar run this year. While the broader ASX 200 retreats on concerns of soaring inflation and rising interest rates, Woodside shares have jumped an impressive 56% on the back of booming oil prices.

In fact, the Woodside share price hit a two-year high during the week.

Like Fortescue, Woodside also releases quarterly production reports.

Its most recent second-quarter update disclosed an average realised price of $95 per barrel of oil equivalent. This helped the company to generate quarterly revenue of $3.4 billion, up an impressive 44% compared to the first quarter of 2022. 

Woodside shares are currently trading on a trailing 12-month dividend yield of 5.2%.

The post Earnings preview: Here are 3 ASX 200 shares reporting next week appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX All Ords share rocketed 15% on a rare earths deal with Twiggy Forrest
• Here are the top 10 ASX 200 shares today
• A2 Milk share price lags ASX 200 ahead of Monday’s earnings result
• Fortescue share price rises ahead of Monday’s earnings result
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk and BUBS AUST FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The past few years ASX investors have seen the COVID-19 pandemic and a war in Ukraine unexpectedly rattle their portfolios.

So what’s the next surprise that could rock ASX shares?

One expert reckons social unrest is “likely” to become the next big issue for investors as the calendar heads towards the northern winter.

DeVere Group chief executive Nigel Green warned that the risk of “large-scale social unrest” is a headwind that is being largely overlooked at the moment.

“The global cost of living crisis is the major contributing factor,” he said.

“When people can’t feed their families, get to work or take their kids to school due to high fuel prices, or heat their homes, it’s an almost inevitable recipe for large-scale civil unrest.”

A winter energy crisis is coming

Europe is in a precarious economic state as it deals with the withdrawal of a huge energy source in Russia.

A combination of economic sanctions and Russia’s retaliation for those very penalties has led to the Nord Stream gas pipeline to be supplying only 20% of capacity.

With a cold winter looming, an entire continent is about to suffer in ways Australians can only imagine.

“Red-hot food and fuel prices are the most painful type of inflation,” said Green.

“Should the prices of smart TVs jump, people can delay buying one. But they cannot stop feeding themselves or their families. Similarly, the costs of transportation make up the price of almost everything we buy.”

Already several southern European countries are teetering on the brink of economic disaster. Political tension has bubbled up in Italy to levels not seen since the global financial crisis 14 years ago. 

People will get angry when there’s not enough to eat

Green warned that the world is building up to “a food availability crisis” next year.

“Soaring food and energy prices triggered, by unprecedented shipping backlogs or shortages of materials and labour, COVID lockdowns in China, and the war in Ukraine, known as ‘the world’s breadbasket; as it’s one of the world’s leading exporters of corn, wheat, barley and sunflower oil, amongst other staples.”

The trouble is that once confidence is dented, the whole economy can get itself into a vicious circle that’s difficult to get out of.

“The downturn in the property market, slower economic growth — which leads to more uncertainty, less business investment, more redundancies and less cash available for governments — all adds to a perfect storm scenario.”

Ignoring social unrest could be ‘a costly mistake’

All these factors mean that disruptions from social unrest are a real possibility.

But the trouble is that those in political and financial power have an incentive to talk up the situation, rather than point out the anger bubbling in the populace.

“Mass social unrest is not talked about enough, likely due to high-level political and commercial interests,” said Green.

“However, if you’re serious about protecting and growing your money over the next six months it should be a major concern. Not paying attention could be a costly mistake.”

The post ‘Pay attention’: Expert names surprise that could shock ASX investors appeared first on The Motley Fool Australia.

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More reading

• ASX 200 reporting season weekly wrap: Top risers and fallers
• Goldman Sachs names 2 ASX shares to buy right now
• Guess which ASX All Ords share rocketed 15% on a rare earths deal with Twiggy Forrest
• Aeris Resources share price drops after 90% profit plummet
• 3 ASX healthcare shares punished following full-year results

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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We reached the pinnacle of ASX reporting season this week as a swarm of S&P/ASX 200 Index (ASX: XJO) shares pulled back the curtain on their financial results.

As always, it was a mixed bag as some ASX 200 shares received gold stars from investors, while others left much to be desired.

The ASX 200 index ultimately trickled 0.1% lower but some ASX 200 shares were moving more than most.

Here’s a round-up of the biggest ASX 200 movers this week.

ASX 200 winners

The Altium Limited (ASX: ALU) share price led the way this week, lighting up 19% as the company’s FY22 results beat guidance. The ASX 200 tech share delivered revenue growth and earnings margins ahead of expectations, with analysts at Bell Potter describing it as a “cracking result”.

The Pilbara Minerals Ltd (ASX: PLS) share price was also a standout. The ASX 200 lithium share clocked up a weekly gain of 16% as its FY22 results impressed the market. A booming lithium industry propelled Pilbara’s revenue to $1.2 billion, up 577% year on year, as the company declared a maiden $560 million profit.

Fellow ASX lithium share Allkem Ltd (ASX: AKE) found itself in the winners’ column as well. The Allkem share price shot up 13% across the week as FY22 delivered record production and sales.

The Bega Cheese Ltd (ASX: BGA) share price also punched higher, soaring 11% across the week. Supply chain bottlenecks and other COVID-related challenges led to a 69% fall in profit after tax. But the company still managed to increase its interim dividend.

Last but not least, the Paladin Energy Ltd (ASX: PDN) share price found its groove, gunning 11% higher across the week. The uranium company handed in its FY22 results on Friday, but it was an announcement from the prime minister of Japan that had the market excited.

ASX 200 losers

The City Chic Collective Ltd (ASX: CCX) share price held the unfortunate title of the ASX 200’s biggest weekly detractor. The ASX 200 retail share suffered a precarious 26% fall as the company’s inventory balance ballooned, leading to negative operating cash flow.

The Adbri Ltd (ASX: ABC) share price was also feeling worse for wear, crumbling 18% across the week. Despite half-year revenue climbing 8%, net profit after tax (NPAT) fell by 15% on the back of various operational challenges.

The week brought more pain to the EML Payments Ltd (ASX: EML) share price, which endured a 16% drop. While the market reacted positively to EML’s FY22 results, a follow-up announcement disclosing yet another instance of fraud led to the sell-off.

The Nanosonics Ltd (ASX: NAN) share price also took a bath this week, tumbling 15%. It appears the company’s FY22 results and forward guidance weren’t enough to satisfy the market as it transitions to a largely direct sales model in North America.

Finally, the Kelsian Group Ltd (ASX: KLS) share price also lost its legs, backpedalling 14% across the week. Formerly known as SeaLink Travel, Kelsian delivered 13% revenue growth in FY22 and marginally increased its final dividend against a backdrop of challenging operating conditions.

The post ASX 200 reporting season weekly wrap: Top risers and fallers appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• City Chic share price dives another 12% in dire week
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Here’s everything you need to know about the latest Bega dividend
• Why City Chic, Macquarie Telecom, Polynovo, and Smartgroup shares are sinking

Motley Fool contributor Cathryn Goh has positions in Altium and EML Payments. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium, EML Payments, and Nanosonics Limited. The Motley Fool Australia has positions in and has recommended EML Payments and Nanosonics Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking for new investment options for next week, then the two ASX shares listed below could be worth considering.

Both are highly rated by analysts at Goldman Sachs and tipped to generate strong returns for investors. Here’s what the broker is saying about these ASX shares:

Hipages Group Holdings Ltd (ASX: HPG)

The first ASX share that Goldman Sachs has just recommended investors buy is Hipages.

It is a leading ANZ-based online platform and software as a service (SaaS) provider connecting consumers with trusted tradies.

Goldman Sachs believes the company has a huge long term growth opportunity. It commented:

Longer term, we believe HPG presents a compelling long growth opportunity as it builds out an essential ecosystem of services for tradies.

In addition, the broker feels the Hipages share price is cheap considering its strong growth potential.

Valuation is supportive relative to global marketplace peers. HPG is trading on 13.9x FY23 EV/EBITDA vs. the median of marketplace peers trading on 15.3x. In our view this does not capture the medium term growth potential of the business: we forecast a 29% EBITDA CAGR (FY22-25E) vs. the median of peers at 14%; we also believe HPG can deliver solid operating leverage over the longer term as the business scales.

Goldman has a buy rating and $2.10 price target on the company’s shares. This compares favourably to the current Hipages share price of $1.55.

IDP Education Ltd (ASX: IEL)

Another ASX share that the broker is tipping as a buy is IDP Education. It is a leading language testing and student placement provider.

Goldman was very impressed with the company’s FY 2022 results and believes it shows that IDP is becoming the dominant force in English-speaking markets. It said:

We believe IEL’s FY22 result reflected 1) operational excellence by managing costs whilst preparing capacity for a strong rebound of students into Australia; and 2) material progress towards becoming the dominant student placement provider into English-speaking markets, including leveraging technology to build a growing presence in the US.

As with Hipages, the broker feels that its shares are cheap considering its strong growth prospects.

IEL is trading c.40% below its 5-yr average P/E premium to the ASX200 Industrials with a forecast 37% FY22-25E EPS CAGR, we remain Buy-rated. We have upgraded EPS in FY23/FY24 by 1.7%/0.8% on the back of the stronger FY22 result, continued strong revenue growth and margin expansion. The balance sheet is in a resilient position with c.A$40mn of net cash to facilitate any bolt-on acquisitions or ramp up in organic investment in new offices and technology.

Goldman has retained its buy rating with an improved price target of $36.00. This compares to the latest IDP Education share price of $28.89.

The post Goldman Sachs names 2 ASX shares to buy right now appeared first on The Motley Fool Australia.

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More reading

• ASX’s best day in a fortnight; US Fed in focus. Scott Phillips on Nine’s Late News
• Here are the top 10 ASX 200 shares today
• Why Deep Yellow, IDP, Pendal, and Qantas shares are soaring today
• Hipages share price sinks as ‘perfect storm’ hits profit
• IDP Education share price leaps 11% as revenue surges in FY22

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hipages Group Holdings Ltd. and Idp Education Pty Ltd. The Motley Fool Australia has positions in and has recommended Hipages Group Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Andrew ‘Twiggy’ Forrest is known for his foray into ASX-listed investments. On Friday afternoon, the Fortescue Metals Group Limited (ASX: FMG) chair added another S&P/ASX All Ords Index (ASX: XAO) member to his list of holdings.

This time around — instead of dairy products, seafood, or boots — Twiggy is tipping his fortunes into rare earths. These are the metals used to create the magnets used in the motors of electric vehicles and wind turbines.

Which ASX All Ords share is it?

The ASX company in question is Hastings Technology Metals Ltd (ASX: HAS). After returning from a trading halt, shares on Friday surged 15% to $4.94 apiece — a pleasing sight for shareholders.

According to the release, the rare earths explorer has entered into a binding share purchase agreement to acquire part of Neo Performance Materials Inc. Notably, Neo is the owner of the only commercially operational rare earth separation facility in Europe.

The deal will see Hastings grab 8,974,127 shares in the Canadian-listed Neo at a total value of $150 million. This will mean the ASX All Ords share will own 22.1% of the total shares on issue in Neo following the acquisition.

So, you might be thinking: where does Twiggy come into the picture? Well, as part of the announcement, Hasting revealed a $150 million investment from Wyloo Metals, which is part of Forrest’s investment holding company, Tattarang.

The rationale behind Hasting taking a stake in Neo is to potentially create a vertically integrated rare earths company. As the ASX-listed company puts it, a ‘mine-to-magnet’ value chain. Furthermore, this is in anticipation of Europe becoming a major hub of electric vehicle production in the future.

The deal for Twiggy

Regarding the $150 million investment from Wyloo Metals, here are the important details:

• The investment is for $150 million in exchangeable notes
• Term is over three years
• Convertible for Hastings shares at $5.50 apiece
• Wyloo is entitled to nominate a director to the Hastings board

Coincidentally, the news breaks on the same day that Lynas Rare Earths Ltd (ASX: LYC) revealed record results.

The Hastings share price has outperformed the ASX All Ords over the past year. On Friday afternoon, the company’s shares are 23.5% above where they were a year ago. Meanwhile, the All Ordinaries is down 5.3% over the same timeframe.

The post Guess which ASX All Ords share rocketed 15% on a rare earths deal with Twiggy Forrest appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Fortescue share price rises ahead of Monday’s earnings result
• Lynas share price lifts off on rocketing FY22 profits
• Lynas share price on watch after 244% profit jump, doubling revenue
• Could the winds of change be blowing for Fortescue shares?

Motley Fool contributor Mitchell Lawler has positions in Lynas Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) recovered its losses from earlier this week today to trade flat week-on-week. The index closed Friday’s session 0.79% higher at 7,104.10 points.

That leaves it within 11 points of where it finished last week’s trade following a disastrous 2% tumble over Monday and Tuesday.

All except one of the ASX 200’s 11 sectors closed higher today. The S&P/ASX 200 Communication Index (ASX: XTJ) was alone in the red, slipping 0.3%.

The S&P/ASX 200 Energy Index (ASX: XEJ) was the top performer, soaring 1.3% despite oil prices falling overnight. The Brent crude oil price slipped 1.9% to US$99.34 a barrel while the US Nymex crude oil price fell 2.5% to US$92.52 a barrel.

The S&P/ASX 200 Materials Index (ASX: XMJ) also rose 1% despite a falling iron ore price. Iron ore futures slumped 0.2% overnight to trade at $104.96 a tonne. Meanwhile, gold futures lifted 0.6% to US$1,771.40 an ounce and all base metals majors ended in the green.

Looking to ASX 200 earnings:

• The Wesfarmers Ltd (ASX: WES) share price rose 0.65% after the company posted a $2.3 billion full-year profit
• Ramsay Health Care Limited (ASX: RHC) shares fell 3.3% on a $274 million profit and a reneged takeover offer

So, which ASX 200 share outperformed all others to be crowned this week’s final top performer? Keep reading to find out.

Top 10 ASX 200 shares countdown

Coming in as Friday’s biggest gainer was none other than the Bega Cheese Ltd (ASX: BGA) share price. The stock surged 12% despite the company posting a 69% year-on-year fall in profits.

Today’s biggest gains were made by these ASX shares:

ASX-listed company	Share price	Price change
Bega Cheese Ltd (ASX: BGA)	$4.18	11.76%
Viva Energy Group Ltd (ASX: VEA)	$2.95	6.88%
Qantas Airways Limited (ASX: QAN)	$5.18	6.58%
Life360 Inc (ASX: 360)	$5.27	4.98%
Champion Iron Ltd (ASX: CIA)	$5.50	4.17%
Pilbara Minerals Ltd (ASX: PLS)	$3.55	4.11%
Insignia Financial Ltd (ASX: IFL)	$3.67	3.97%
Fortescue Metals Group Limited (ASX: FMG)	$19.87	3.81%
Breville Group Ltd (ASX: BRG)	$22.41	3.27%
Flight Centre Travel Group Ltd (ASX: FLT)	$17.07	3.14%

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Here’s everything you need to know about the latest Bega dividend
• Fortescue share price rises ahead of Monday’s earnings result
• Why Bega Cheese, Jumbo, Pilbara Minerals, and Qantas shares are rising

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Inc. The Motley Fool Australia has positions in and has recommended Wesfarmers Limited. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Universal Store Holdings Ltd (ASX: UNI) share price slid into the red today following the release of the company’s FY22 results.

At the close on Friday, Universal Holdings shares were down 2.9% for the day, swapping hands at $5 apiece.

Universal Store revenue, profit down in FY22

Key standouts from the company’s earnings results include:

• Total Sales of $208.0 million, down 1.4% from last year’s result
• Online sales totalling $35.7 million, up 38% year on year and a margin of 17%
• Gross profit down 2.1% to $121.3 million, reflecting a margin of 58.3%
• Underlying earnings before interest and tax (EBIT) of $30.9 million, down 29% year on year
• Statutory net profit after tax (NPAT) of $20.6 million, down 15% year on year
• Underlying earnings per share (EPS) of 28.9 cents
• Final dividend of 10.5 cents per share, bringing total FY22 dividend to 21.5 cents per share

What else happened for Universal?

Despite COVID-19 headwinds, the company came in with a fairly steady result, with total sales declining 1.4% to $208 million.

However, most of the downside was experienced in H1 of FY22, with an overall sales growth of 7.4% in H2 FY22.

Meanwhile, online sales saw double-digit growth of 28.5%, eventually contributing a total of around 17% to total sales.

Despite this, statutory and underlying NPAT each decreased year on year by 15% and 30%, respectively.

Universal also declared a final dividend of 10.5 cents per share, fully franked, bringing the total FY22 dividend to 21.5 cents.

Management commentary

Speaking on the results, Universal Store CEO Alice Barbery said:

Despite lingering COVID-19 challenges during the year, I’m proud of how our team has responded,
culminating in a pleasing FY22 result.

FY22 was a tale of two halves with H1 impacted heavily by mandated store closures and evolving variants of COVID-19, including a challenging Christmas and new year period with the emergence of Omicron. Conditions in H2 progressively recovered with sales and foot traffic improving month on month as restrictions eased and social events and gatherings re-emerged.

Barbery said Universal Store continued “to evolve into a larger, more sophisticated, and more robust business following successful implementation of various key strategic initiatives and investments”.

What’s next for Universal Store?

The company says that FY23 has already started strong, with total sales already up 54% on this time last year to $12.5 million.

It also says that fewer lost store days would be of benefit to earnings in FY23. Moreover, B&M Store sales growth reached 70% on this time last year, and it expects to open five new stores in H1 FY23.

It did not provide specific earnings guidance.

The post Universal Store share price slides lower as earnings tighten in FY22 appeared first on The Motley Fool Australia.

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• ‘Recession-like levels’: Why ASX retail shares could still be in for a bumpy ride

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It turned out to be a dream end to the trading week for the All Ordinaries Index (ASX: XAO) on Friday. At the market close, the All Ords index had gained a healthy 0.7% to finish at 7,345.8 points.

But it was an even better session for some All Ords shares, largely thanks to the ongoing avalanche of earnings reports.

So let’s check out three All Ords shares that saw major share price action on the back of FY22 earnings.

Three All Ords shares with big price moves on Friday

Cobram Estate Olives Ltd (ASX: CBO)

Cobram Estate shares had a very pleasing day of trading this Friday. The All Ords olive oil producer rocketed 8.93% to close at $1.525 a share. This morning, Cobram announced $140 million in group sales for FY22, which puts the company at a 49% market share of extra virgin olive oil in Australian supermarkets.

However, total revenue fell 44.3% from FY21 to $165.5 million. Earnings before tax (EBT) also fell by 49.5% to $2.5 million. On the bottom line, Cobram reported a net loss after tax of $0.7 million, down from the $35.2 million profit reported for FY21.

Peter Warren Automotive Holdings Ltd (ASX: PWR)

Next up is automotive dealership company Peter Warren. Peter Warren shares initially bounced as high as $2.67 this morning — a 5.1% gain — but finished the day up 0.79% at $2.56. This follows the company dropping its FY22 earnings this morning, too. 

For FY22, Peter Warren reported revenue growth of 5.6% to $1.71 billion. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose 20.4% to $130.1 million, while profits before tax also rose by 6.8% to $80.8 million.

Superloop Ltd (ASX: SLC)

Superloop shares also saw some major price action today. But unlike the other ASX All Ords shares here, this one disappointed investors. Superloop shares closed the day down a nasty 5.63% at 75.5 cents each.

Clearly, the market didn’t like what the company had to say this morning about FY22.

Superloop reported revenue growth of 137% for FY22 to $262.5 million. Underlying EBITDA was also up significantly, rising 37% to $25.4 million.

However, the company’s gross margin fell from 27.6% in FY21 to 23.5% in FY22. Superloop’s net loss after tax widened to $52.6 million for the financial year, up 82.5% from FY21’s loss of $32 million.

The post 3 ASX All Ords shares that saw major price action on FY22 results appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Universal Store share price slides lower as earnings tighten in FY22
• City Chic share price dives another 12% in dire week
• Brokers name 3 ASX shares to buy today
• How does VGS stack up against other ASX index funds?

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended PWR Holdings Limited and SUPERLOOP FPO. The Motley Fool Australia has positions in and has recommended PWR Holdings Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The City Chic Collective Ltd (ASX: CCX) share price is currently down 10.3% at $1.79 today after trawling another 12% low for most of today. This means shares in the ASX-listed plus-sized apparel global retailer are now down by almost 30% since 24 August.

The ASX retail share has fallen hard after the release of the company’s FY22 results.

What did City Chic tell investors?

The company reported that sales rose by 39% to $369.2 million, with comparable sales growth of 25.5%. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) went up 11.3% to $47.1 million. Underlying net profit after tax (NPAT) increased by 14.5% to $28.5 million.

City Chic also said that its global customer base increased 30% over the year to 1.4 million active customers, with growth in all regions.

Online comparable sales growth was 33.8%, with 82% online penetration. It said that 56% of its revenue came from the northern hemisphere. The ‘partner business’ grew to $30 million for FY22, with $22 million of that coming in the second half.

However, there was one factor that saw a big swing to a negative position. Operating cash flow sank from a positive $15.2 million in FY21 to negative $51.9 million in FY22. Management said there was a working capital increase of $90.3 million with an investment in inventory of $128.9 million.

City Chic said its inventory is expected to normalise in FY23. Inventory jumped from $67 million at 27 June 2021, to $125.7 million at 26 December 2021 and then up to $195.9 million at 3 July 2022. The company said that 48% of inventory is available for sale, while 52% is secured for release over future periods.

Management said that the inventory supported growth with reduced product cost and supply chain risk.

Outlook for FY23

City Chic said it expected another year of profitable growth, despite the ongoing global economic uncertainty. This was due to City Chic’s increasing market share across geographies and channels and the investments in its distribution infrastructure.

The company said that to hedge against anticipated promotional activity within the ‘plus market’, it would implement price increases where appropriate to mitigate the risk of ‘margin compression’.

In the first seven weeks of FY23, City Chic advised that trading was “broadly” in line with the prior corresponding period, with a return to positive momentum in August,

Australian stores were “trading above expectations and ahead of last year given the impact of store closures”. Australian online sales were below last year in the first two weeks of July but have performed well since, trading above last year.

The US market was “volatile”, with the City Chic website trading above last year, as better dressing demand remains “strong” and the Avenue website trading “below” last year, but showing week on week improvements. The UK “continued to show growth”.

Its partner business has “continued to perform well” and is expected to drive incremental revenue growth throughout FY23.

City Chic share price snapshot

Over the last month, the City Chic share price is down more than 25%. And City Chic shares have tanked 70% since the beginning of 2022.

The post City Chic share price dives another 12% in dire week appeared first on The Motley Fool Australia.

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More reading

• Why City Chic, Macquarie Telecom, Polynovo, and Smartgroup shares are sinking
• 3 ASX All Ords shares sliding following earnings updates
• Why City Chic, Flight Centre, Perpetual, and Woolworths shares are sinking
• City Chic share price plummets 13% as cash flow sinks in FY22
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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