Australia's Endeavour hits record low as overhaul, weak liquor outlook weigh

Endeavour

27/05/2026 05:30

** Shares of Australia's largest owner of pubs and bottle shops Endeavour Group EDV.AX fall as much as to 5.52% to a record low of A$2.91 
** Co unveils overhaul targeting A$300 million ($214.80 million) in cost savings by 2029 and the exit from the majority of its existing winery and vineyard portfolio
** UBS previews EDV's investor day, expecting a strategy update but no major quantification of cost savings or margin uplift
** Flags ongoing structural pressure in the liquor segment, with volumes subdued despite easing inflation
** Notes cyclical pressures easing, but warns consumer demand remains weak and pricing benefits are fading
** 5.5 million shares change hands, vs the 30-day average of 5.2 million shares 
** Stock down 20.2% this year, including the day's move
     
($1 = 1.3966 Australian dollars)

(Reporting by Roushni Nair in Bengaluru)
((Roushni.nair@thomsonreuters.com))