Australia's Endeavour slips to three-week low on weaker HY results

Endeavour

04/03/2026 03:42

Updates

** Shares of Endeavour Group EDV.AX slip 5% to A$3.78, their lowest level since February 11

** Set for worst day since late February 2025

** Pub operator reports 6.7% drop in HY underlying NPAT, confirms intention to maintain its combined Hotels and Retail portfolio

** Jefferies says Retail's 1.3% sales growth increase for first seven weeks of H2 FY26 trails VA’s 1.7% consensus

** Citi finds 35% H1 online sales growth as positive but warns price leadership will pressure gross margins

** Expects FY26 EPS cuts, saying consensus H2 margin compression estimates too light, consensus sales growth looks high given softer trading in first seven weeks of H2

** YTD, stock up 3.1%

($1 = 1.4213 Australian dollars)

(Reporting by Shivangi Lahiri and Shruti Agarwal in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))