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EDV — Endeavour News Story

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Brief: Endeavour Group Posts Q3 Retail Sales Up 2.9%, Hotels Sales Up 3.7%

May 4 (Reuters) - Endeavour Group Ltd EDV.AX:

TRADING UPDATE

Q3 F26 RETAIL SALES UP 2.9%, HOTELS SALES UP 3.7%

EXPECTS H2 F26 SUPPLY CHAIN COSTS TO RISE BY A$6 MILLION-A$8 MILLION

TARGETS $A100 MILLION IN COST SAVINGS IN F27

ENDEAVOUR GROUP LTD - ANTICIPATES UP TO A$400 MILLION ADDITIONAL INVENTORY COMPARED TO PRIOR YEAR

WORKING WITH ITS SUPPLIERS TO MANAGE PRESSURES TO MITIGATE STRUCTURAL COST INFLATION

COST SAVINGS COMPRISES STORE COST OPTIMISATION, LABOUR EFFICIENCIES, SUPPORT OFFICE HEADCOUNT REDUCTION, OTHERS

Further company coverage: EDV.AX

 ((Reuters.Briefs@thomsonreuters.com;))

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