BUZZ-Jefferies sees sales drag for Australia's Endeavour Group to be one-off

Reuters
2024-12-11
BUZZ-Jefferies sees sales drag for Australia's Endeavour Group to be one-off

** Analysts at Jefferies see one-off drag for Australia's Endeavour Group EDV.AX from supply disruption

** Retailer on Tuesday said a strike at Woolworths' WOW.AX distribution centres has affected co's stock, resulting in an A$25 mln ($15.95 mln) impact on sales to date

** Brokerage says while negative, and compounding tough conditions, the drag on sales is one-off

** "We ... don't see risk of future price investment to restore demand (like we do for WOW), because EDV isn't suffering same perception issues" — Jefferies

** Six of 13 analysts rate EDV "buy" or higher, six "hold" and one "sell"; their median PT is A$4.95 — LSEG

** Stock down 17.9% YTD, as of last close

($1 = 1.5676 Australian dollars)

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com))

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