Australia's Endeavour Group slips as company flags potential higher fuel costs

Endeavour

04/05/2026 01:29

** Shares of Endeavour EDV.AX slip as much as 3.8% to A$3.29, their worst intraday trading session since March 25

** Endeavour, owner of liquor store chain Dan Murphy, flags that elevated fuel and freight costs tied to the Middle East conflict could lift second-half supply-chain expenses by A$6 million-$8 million ($4.33 million-$5.77 million)

** Company adds that it is eyeing A$100 million in FY27 cost savings, driven by procurement gains and support-office headcount cuts, among others

** Posts YoY third-quarter sales growth of 2.9% in Retail and 3.7% in its Hotels arm

** Stock down 9.6% YTD, including the day's moves

($1 = 1.3866 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))