Brief: Endeavour Group Provides Strategy Update

Endeavour

26/05/2026 23:59

May 27 (Reuters) - Endeavour Group Ltd EDV.AX:
STRATEGY UPDATE AND INVESTOR DAY
TO RESET RETAIL STRATEGY, REPOSITION DAN MURPHY’S AND BWS
TO SIMPLIFY HOTELS OPERATING MODEL AND ACCELERATE INVESTMENT
TO SIMPLIFY OPERATIONS AND REDUCE COSTS
TARGETS A$300 MILLION COST SAVINGS BY F29 INCLUDING A$100 MILLION IN F27
TO INCREASE INVESTMENT IN HOTELS NETWORK VIA RENEWALS AND REPOSITIONINGS
TO EXIT MAJORITY OF WINERY AND VINEYARD PORTFOLIO INCLUDING CHAPEL HILL, OAKRIDGE, JOSEF CHROMY
REVISES TARGETED DIVIDEND PAYOUT RATIO TO 50%-75% OF UNDERLYING NET PROFIT AFTER TAX
Further company coverage: EDV.AX

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