3 quality ASX All Ordinaries shares tumbling 10% or more today

It’s proving a tough day for ASX shares, with some suffering more than others.

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Key points

  • These three ASX All Ordinaries shares are all down heavily today
  • Despite recently reporting revenue growth, these three companies are down by at least 10% on Friday
  • The three in the red are Temple & Webster, Whispir, and Adore Beauty

There are a few ASX All Ordinaries Index (ASX: XAO) shares that have dropped by more than 10% today.

The market is seeing a lot of volatility at the moment. Investors are focused on the high level of inflation and are trying to figure out what this means for interest rates as central banks try to control the situation.

While inflation may affect every business in different ways, investors are sending some business valuations down significantly, like these three:

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is currently down around 10.73%.

This means the ASX All Ordinaries share has fallen more than 60% over the last six months.

It was only a few days ago that Temple & Webster announced that in the second half of FY22, its revenue had grown by 23% between 1 January and 30 April 2022 compared to the same period in 2021. The company said its supply chain and stock position are underpinning growth.

It also announced the launch of its new home improvement website called The Build.

Whispir Ltd (ASX: WSP)

The Whispir share price is currently down by 10.4%.

It has now fallen more than 50% in the last six months.

In this ASX All Ordinaries share’s recent quarterly update for the three months to 31 March 2022, it said its cash receipts rose by 81.6% to $19.8 million. The cash outflows reduced as the company’s cost efficiencies and savings were realised. Free cash outflow for the quarter was $5.6 million, ending with cash on hand of $31.2 million.

It said annualised recurring revenue (ARR) rose by 24.1% to $62.4 million. Whispir also said it signed 82 new customers during the quarter, with the North American market continuing its sales momentum.

The management of the business said it fully expects the sales momentum to continue into the last quarter, which is traditionally the company’s strongest quarter of the year, according to the CEO.

Adore Beauty Group Ltd (ASX: ABY)

The Adore Beauty share price is currently down around 11%.

That means this ASX All Ordinaries share has dropped around 70% in the past six months.

Adore Beauty has continued to see business growth. In the quarter for the three months to 31 March 2022, revenue rose 9% to $42.7 million and active customers went up 7% to 880,000. Returning customers grew by 47%.

In that update, the company said that during the quarter, the mobile app accounted for more than 10% of revenue, with loyalty members accounting for more than 60% of revenue. It noted it’s on track to launch its private-label offering in the fourth quarter of FY22.

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 positions in and has recommended Temple & Webster Group Ltd and Whispir Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia has recommended Adore Beauty Group Limited, Temple & Webster Group Ltd, and Whispir 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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