Investors liked CSR’s results and Domain’s trading update, but hit the sell button on Dominos

Investors liked this morning’s financial updates from CSR (CSR:CSR) and Domain (ASX:DHG) but not from pizza proprietor Dominos (ASX:DMP)

While reporting season may be over, companies with different financial years release at different times (and they’re due two months after the end of financial year). CSR (CSR:CSR) is one such company, as it utilises 1 April to 30 March as its financial year.

CSR and its various subsidiaries provide building products for home and commercial construction firms.

This morning it revealed a profit for the 6 months ending 30 September 2021 that was up 30% from a year ago – $86.6 million before significant items including carry forward capital tax losses.

The company was able to overcome COVID-19 challenges and benefit from the construction boom, which was particularly seen in detached homes.

CEO Julie Coates said CSR’s businesses had performed very well and declared a dividend of 13.5 cents per share.

CSR (ASX:CSR) share price chart

Dominos tips costs to rise

Dominos (ASX:DMP) meanwhile released its results back in August and impressed shareholders at the time but unlike CSR shares were sent crashing back to earth this morning.

Dominos shares are still up over 10% in the last six months and 36% in the last year, but it has dropped nearly 30% from its all time high reached in mid-September.

While the company revealed sales had grown another 8% so far in 2022 and dozens stores had been opened (in its newest market, Taiwan and elsewhere) the company spooked shareholders with forward warnings about energy price and food cost increases.

Dominos tried to calm shareholders by pointing to the importance of some of its long-term supply contracts, and said it would rely on growing unit sales to offset short-term inflation.

It stuck by its 3-5 year outlook, and said FY22 would be the largest expansion of overall store footprint in the company’s history.

Dominos (ASX:DMP) share price chart

Spring selling season looking good for Domain

Rounding out today’s financial updates was real estate classified website Domain (ASX:DHG) and like CSR it was received positively by the market.

Domain used its AGM to tell shareholders its revenues were up 20% thanks to the resumption of print publishing activities as well as digital.

It also said the outlook for the spring selling season was encouraging as lockdowns ease.

While Domain, like Dominos, warned of increasing cost growth investors disregarded it and sent shares slightly upwards this morning.

Domain (ASX:DHG) share price chart