Australia's Endeavour slips most in over one year after firm flags higher fuel costs (updated)

Endeavour

04/05/2026 05:31

Updates

** Shares of Endeavour EDV.AX slip as much as 8.2% to A$3.14, their worst intraday fall since February 28, 2025

** Stock hits lowest level since April 7

** Citi says current growth rates underperform vs VA 2H26 consensus

** The investment firm estimates retail 2H26 gross margin contraction of around 100bps with further downturn citing weakening consumer backdrop

** The pub operator flags that elevated fuel and freight costs tied to Middle East conflict could lift second-half supply-chain expenses by A$6 million-A$8 million ($4.33 million-$5.77 million)

** Company posts YoY third-quarter sales growth of 2.9% in retail and 3.7% in its hotels arm

** The company is caught in an uncomfortable squeeze as weakening demand and rising energy-linked costs are compressing both revenue and margins, while the Middle East warning strips away near-term visibility, says Hebe Chen, Senior Market Analyst at Vantage

** EDV stock down 11.1% YTD

($1 = 1.3866 Australian dollars)

 (Reporting by Kumar Tanishk and Aamir Sheik Khalid in Bengaluru)

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