Earnings preview: Here are 3 ASX 200 shares reporting this week

Keep your eyes peeled for results from these three blue-chip shares.

| More on:

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

It's already been a bumper ASX reporting season as a swathe of S&P/ASX 200 Index (ASX: XJO) shares have lifted the lid on their results.

But this coming week could be the busiest yet, with a whole host of ASX 200 shares pencilled into our Foolish ASX reporting season calendar.

Tomorrow will see Endeavour Group Ltd (ASX: EDV) post its maiden set of full-year results.

Meanwhile, Qantas Airways Limited (ASX: QAN) and Whitehaven Coal Ltd (ASX: WHC) should drop their FY22 reports on Thursday.

But amidst the flurry of news, there will be some even bigger ASX 200 shares releasing their results.

Without further ado, here are the three largest ASX 200 shares reporting this week.

Three business people join hands in strength and unity.

Image source: Getty Images

Coles Group Ltd (ASX: COL)

On Wednesday, investors will be able to sink their teeth into the full-year FY22 results from this ASX 200 supermarket share.

Coles last updated the market in April when it released its third-quarter sales report.

The company delivered 3.9% sales growth, with supermarkets and liquor growth offsetting a decline in Coles Express sales.

Coles noted the third quarter was characterised by unprecedented events, with Omicron and floods disrupting the company's operations. It also acknowledged cost price inflation was impacting suppliers on the back of increased raw material, commodity, shipping, and fuel costs.

Inflation will likely be the big talking point when Coles reports on Wednesday. Investors will be watching to see how much of the cost increases have been passed on to consumers. And how the current landscape has been impacting demand and purchasing patterns.

There's no doubt investors will also be eagerly awaiting their dividends. Broker Citi is expecting Coles to declare a final dividend of 32 cents. This would take Coles' total FY22 dividends to 65 cents, putting shares on a tasty dividend yield of 3.4%.

Woolworths Group Ltd (ASX: WOW)

Coles' biggest rival will report the day after, with its FY22 results scheduled for release on Thursday.

It will be a similar story for Woolworths, with all eyes on how the ASX supermarket is navigating the current inflationary environment.

Woolies delivered 9.7% sales growth in the third quarter of FY22, with Australian Food sales up 5.4%. A return to COVID-related shopping behaviour underpinned this in the early part of the quarter along with rising food inflation.

The company has also been active on the mergers and acquisitions (M&A) front. It lobbed a bid for formerly ASX-listed Australian Pharmaceuticals Industries at the end of last year.

After that fell through, Woolies set its sights on a new target. To this end, the supermarket giant is now in the final stages of acquiring an 80% stake in online retail marketplace MyDeal.Com Au Ltd (ASX: MYD).

Notably, its FY22 report will be Woolworths' first full-year result after spinning off Endeavour at the end of June 2021.

Broker Goldman Sachs is forecasting a final dividend of 57 cents per share. This would take Woolies' FY22 dividends to 96 cents, putting shares on a dividend yield of 2.4%.

Wesfarmers Ltd (ASX: WES)

Last but not least, ASX 200 conglomerate Wesfarmers will round out the week and release its FY22 results on Friday.

While often put in the same basket, Wesfarmers is distinctly different from Coles and Woolies in that it doesn't operate a chain of supermarkets.

It instead plays around in the retail space, offering products that are more discretionary in nature through its stable of market-leading brands.

As a result, Wesfarmers is more exposed to inflation and rising living costs compared to supermarkets, which sell essential products.

So it goes without saying that inflation will again be a key theme when Wesfarmers hands in its FY22 report on Friday.

COVID lockdowns also rattled the ASX conglomerate during FY22 due to the non-essential nature of some of its retail stores.

With respect to dividends, broker Morgans anticipates Wesfarmers will declare a final dividend of 85 cents on Friday. This would take Wesfarmers' total FY22 dividends to $1.65, chalking up a dividend yield of 3.4%.

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 positions in and has recommended COLESGROUP DEF SET and Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ASX Share Market News

Group of friends toasting with drinks.
Broker Notes

Buy, hold, sell: Light & Wonder, Transurban, Endeavour shares

Morgans has issued new notes on these stocks as the market reaches a new record high.

Read more »

a person stands on top of a mountain with hands raised above their head gazing on an amazing sunrise over the landscape and above the clouds.
ASX Share Market News

Big news: ASX 200 hits another record high

Another day, another record high for investors.

Read more »

A group of hands up in the air as if signifying a hearty vote in favour of a motion.
Broker Notes

8 ASX 200 shares with renewed buy ratings this week

Brokers retained a positive view on BHP, NAB, South32, and other ASX 200 shares.

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Broker Notes

5 ASX shares downgraded by brokers this week

Brokers reduced their ratings on Endeavour, APA Group, Guzman y Gomez, and other shares. 

Read more »

A woman in a red dress holding up a red graph.
Broker Notes

Macquarie says these 3 ASX 200 stocks can return 38% to 93%

Three very different companies which could deliver outsized returns.

Read more »

Plane taking off from Sydney airport with CBD in background.
Broker Notes

Buy, hold, sell: Macquarie, Fortescue, Qantas shares

We review 3 fresh buy, hold, and sell calls from expert market analysts. 

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Broker Notes

Broker says this ASX 200 stock could rocket 50%+ in 12 months

Bell Potter has good things to say about this stock.

Read more »

A young woman lifts her red glasses with one hand as she takes a closer look at news.
52-Week Lows

2 ASX shares near 52-week lows I'd buy today

Amid share price pain, I think these businesses are great buys!

Read more »