Were these the best results on the ASX last week?

Domino's Pizza Enterprises Ltd (ASX:DMP) and these ASX shares may have delivered the best results last week. Here's why…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Last week earnings season moved up another gear after a large number of popular companies released their latest sets of results.

Three results that caught my eye are summarised below. Here's why I think they were among the best results last week:

Accent Group Ltd (ASX: AX1

I thought the Accent Group half year result was one of the best results released last week. The footwear-focused retailer overcame the tough trading conditions in the retail sector to post total sales of $507.9 million and a net profit after tax of $35.3 million. This was an increase of 10.9% and 9.7%, respectively, on the prior corresponding period. Its solid growth was driven by store openings, very strong online sales growth, and a 2.4% increase in like for like sales. The retailer also lifted its interim dividend by almost 17% to a fully franked 5.25 cents per share.

Coca-Cola Amatil Ltd (ASX: CCL)

Another result that caught my eye came from Coca-Cola Amatil. Last week the beverage company released its full year results and smashed the market's expectations by reporting a 6.5% increase in total revenue from continuing operations to $5,112.1 million. This was driven by growth across the business, including solid volume growth in the key Australian market. The latter was thanks partly to the success of the Coca Cola No Sugar brand and led to the company reporting revenue growth in Australia for the first time in seven years. Looking ahead, following the successful completion of its two-year transition period, management revealed that it expects mid-single digit earnings per share growth in FY 2020.

Domino's Pizza Enterprises Ltd (ASX: DMP

Finally, I would say that Domino's delivered the result of the week. The pizza chain operator's shares zoomed to a multi-year high after it posted a stronger than expected half year result. For the six months ended December 31, Domino's reported a 10.6% increase in global food sales to $1.58 billion. This was driven by the opening of 85 new stores and a solid 4.1% increase in same store sales. Also growing strongly was the company's EBITDA. It grew 10% over the prior corresponding period to $151 million. Pleasingly, management revealed that the second half has started very positively, with same store sales now up 4.6% financial year to date.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group and Domino's Pizza Enterprises Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

Businessman using a digital tablet with a graphical chart, symbolising the stock market.
Opinions

2 ASX shares I have been buying in 2024!

I’m a believer in the long-term outlook of these stocks.

Read more »

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Burgundy Diamond Mines, Clarity Pharmaceuticals, EML, and Zip are sinking today

These ASX shares are ending the week in the red. But why?

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

a young boy dressed up in a business suit and tie has a cute grin and holds two fingers up.
Opinions

2 of my top ASX 200 shares to consider buying before April

I would happily exchange dollars for these two shares right now.

Read more »

Father in the ocean with his daughters, symbolising passive income.
Dividend Investing

I'd spend $8k on these ASX 200 shares today to target a $6,102 annual passive income

I believe these ASX 200 shares will continue rewarding passive income investors for years to come.

Read more »