Why Accent, Aussie Broadband, Regis Healthcare, and Wesfarmers shares are charging higher

These ASX shares are avoiding the market weakness on Friday.

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The S&P/ASX 200 Index (ASX: XJO) is having a disappointing finish to the week. In afternoon trade, the benchmark index is down 1% to 7,112.2 points.

Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:

Accent Group Ltd (ASX: AX1)

The Accent share price is up over 15% to $2.13. This follows the release of the footwear retailer's full-year results after the market close on Thursday. Accent surprised the market by posting a 7.7% increase in sales to $1.57 billion and a 39.6% lift in EBITDA to $289 million. Management also revealed that total sales are up 2.8% during the first seven weeks of FY 2024.

Aussie Broadband Ltd (ASX: ABB)

The Aussie Broadband share price is up 8% to $3.36. This morning, this broadband provider released its FY 2023 results and reported a 23.1% increase in revenue to $788 million and a 52.1% jump in EBITDA to $89.6 million. This was driven partly by strong growth in its Residential and Wholesale segments.

Regis Healthcare Ltd (ASX: REG)

The Regis Healthcare share price is up 6% to $2.38. Investors have been buying this aged care operator's shares after it reported an 8% increase in revenue to $780.6 million and a 7% lift in EBITDA to $83.3 million for FY 2023.

Wesfarmers Ltd (ASX: WES)

The Wesfarmers share price is up almost 3% to $50.69. This follows the release of the conglomerate's FY 2023 results. The Bunnings and Kmart owner posted an 18.2% jump in revenue to $43.5 billion and a 4.8% lift in net profit after tax to $2.47 billion. This was driven by a combination of organic growth (7.4%) and acquisitions. Highlights include Bunnings posting a 4.4% rise in revenue to $18.5 billion and Kmart Group delivering a 16.5% rise in revenue to $10.6 billion.

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group, Aussie Broadband, and Wesfarmers. 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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