BUZZ-Australian pubs operator Endeavour drops after profit falls, CEO steps down

Reuters
02-28
BUZZ-Australian pubs operator Endeavour drops after profit falls, CEO steps down

** Shares of Australia's Endeavour Group EDV.AX are down 4.2% at A$4.29 at 2314 GMT

** EDV fell as much as 6.2% to A$4.210 earlier in the session, marking their biggest intraday drop since August 26

** EDV among top losers in the ASX200 benchmark index .AXJO

** Alcohol retailer and pubs operator says retail sales growth down 0.8% for the first seven weeks of 2H25, impacted by supply chain disruption

** Posts 1H25 profit attributable of A$298 million ($185.62 million), down 15.1% from a year ago but largely in-line with the Visible Alpha consensus of A$299.2 million

** Also declares interim dividend of 12.5 Australian cents, unchanged

** Says CEO and Managing Director Steve Donohue would step down; Ari Mervis will be appointed executive chairman

** Jarden analysts say no news on a CEO appointment and a weaker trading update for retail is likely to weigh on the stock

** Stock up 1.4% YTD, including current session's moves

($1 = 1.6054 Australian dollars)

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10