3 ASX 200 shares defying the market following earnings announcements

This ASX retail share, financial share, and A-REIT are outperforming their ASX 200 peers today.

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Key points
  • ASX 200 shares are down a collective 0.3% today as earnings season continues 
  • We take a look at the results from Lovisa, AUB Group, and Scentre Group 
  • All three of these ASX 200 shares will pay a dividend to investors 

S&P/ASX 200 Index (ASX: XJO) shares are down a collective 0.3% today amid companies continuing to release their results during the first earnings season of 2023.

Here we take a peek at the results from an ASX retail share, an ASX financial share, and a real estate investment trust (REIT).

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Lovisa Holdings Ltd (ASX: LOV)

Shares in this ASX 200 jewellery retailer are up 0.6% to $24.20 in early afternoon trading. Lovisa reported continuing strong sales and profit growth, with 86 new stores (net) opened during the period. The Lovisa store network now totals 715.

Here are the highlights of Lovisa's 1H FY23 report:

  • Revenue up 44.8% to $315.5 million compared to the prior corresponding period (pcp) of 1H FY22
  • Comparable store sales up 12.5% pcp
  • Gross margin of 80.3% with gross profit up 48.4% pcp to $253.2 million
  • Net profit after tax (NPAT) up 31.9% pcp to $47.7 million
  • Operating cash flow of $115.8 million, up 49.4% pcp
  • Net cash of $24 million

The ASX 200 retail share will pay a fully franked dividend of 38 cents per share on 20 April.

AUB Group Ltd (ASX: AUB)

Shares in ASX 200 insurance broker AUB Group are up 0.85% to $26.61 in early afternoon trading. The insurer said ongoing network optimisation, disciplined acquisitions, and enhanced broker propositions led to revenue growth and margin expansion in its Australian broking division. The 1H FY23 results include three months of contribution from Tysers, with its "revenue and profit … above expectations".

Here are the highlights of AUB's half-year report:

  • Underlying NPAT of $46.7 million, up from $30.6 million pcp
  • Underlying earnings per share (EPS) of 48.18 cents, up from 40.3 cents pcp
  • NPAT of $400,000, down from $29.7 million, largely due to acquisition expenses
  • FY23 underlying NPAT guidance upgraded to a range of $112.9 million to $121.4 million

The ASX 200 financial share will pay a fully franked dividend of 17 cents per share on 4 April.

Scentre Group (ASX: SCG)

This ASX 200 property share is up 2.6% to $2.90 in early afternoon trading. Scentre Group presented its full-year results for 2022 today.

Here are the highlights for the year ending 31 December:

  • Revenue up 7.8% pcp to $2,458 million
  • Profit after tax up 18.1% to $970.2 million
  • Operating cash flow per share up 29.3% to 22.78 cents per share
  • Operating profit per share attributable to Scentre Group members up 20.8% to 19.71 cents

The A-REIT announced last week that it will pay a partially franked distribution of 8.25 cents per share on 28 February.

Motley Fool contributor Bronwyn Allen 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 Lovisa. The Motley Fool Australia has recommended Aub Group and Lovisa. 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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