Endeavour Group's Sales Revenue Edges Higher in Fiscal Q1; Shares Hit All-Time Low

MT Newswires Live
2024-11-11

Endeavour Group's (ASX:EDV) sales revenue edged higher to AU$3.11 billion in the fiscal first quarter comprising the 14 weeks to Oct. 6 from AU$3.09 billion in the previous comparable period, according to a Monday filing with the Australian bourse.

Retail sales were flat at AU$2.54 billion, while sales from hotels rose nearly 3% to AU$567 million from AU$553 million year on year, the filing said.

The company reaffirmed its guidance of AU$450 million to AU$500 million for fiscal 2025. For the first half, it expects retail operating earnings before interest and taxes margin of between 7% and 7.5% versus 8% in the first half of fiscal 2024.

The company's shares were down almost 6% in recent Monday trade and earlier hit an all-time low.

Price (AUD): $4.45, Change: $-0.28, Percent Change: -5.92%

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