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

Reuters
11 Dec 2024
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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

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