Endeavour Group (ASX:EDV) is likely to see a bigger-than-expected impact on sales from the resolved industrial strike at Woolworths Group's (ASX:WOW) distribution centers, as the stores affected by the strike have only just started to be serviced this week, Jarden Research said in a Tuesday note.
On Thursday, the company said it expects to suffer an initial sales impact of roughly AU$25 million due to the strike-led closures of Woolworths' distribution centers.
The retail drinks and hospitality business also said it expects its sales loss to be exacerbated given that the timing of the disruption is during the crucial December period.
However, the investment firm added that due to Endeavour's strong market position, enhanced direct-to-store deliveries, and absence of perishable products, the impact will not be as severe as Woolworths Group's impact on sales.
Jarden Research maintained its neutral rating and price target of AU$5 on Endeavour Group.
Endeavour Group's shares fell almost 1% in recent Friday trade.
Price (AUD): $4.26, Change: $-0.03, Percent Change: -0.58%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。