Australia's Endeavour gains as Q3 group sales meets expectations

Endeavour

05/05/2025 04:11

Corrects paragraph 2 to say Q3 group sales fell, not rose

** Endeavour Group EDV.AX rises as much as 3.6% to A$4.310, highest since February 28

** Alcoholic drinks retailer reports ~2% year-on-year fall in Q3 group sales

** Expects flat to modest retail sales growth in the rest of Q4

** Jefferies says sales was close to estimates, with momentum improving in early next quarter trade, despite some pressure on margins due to higher promotional intensity

** Adds outlook suggests further improvement in sales trends with positive sales growth in April

** Maintains "buy" at PT of A$5.50

** Stock last up 0.6%, trims YTD losses to 0.1%

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))