2321 GMT - MST Marquee analyst Craig Woolford doesn't expect shares in Australian drinks company Endeavour to move that much after its 1H result. He points out that Ebit was A$595 million, just below consensus estimates for A$600 million, and that retail sales to start 2H were down 2.6% adjusting for New Year's Day timing. The company is also in the process of looking for a new CEO. "The combination of uncertainty on management and softer sales trends likely leave the share price largely unchanged near-term," Woolford says in a note to clients. Investors, however, seem concerned for now, with shares down some 4.5% in early trade today to A$4.29. (mike.cherney@wsj.com; @Mike_Cherney)
(END) Dow Jones Newswires
February 27, 2025 18:21 ET (23:21 GMT)
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