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Endeavour Group (EDV) investor relations material
Endeavour Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Group sales rose 0.9% year-over-year to $6.7 billion, with underlying EBIT at $563 million, at the upper end of guidance, reflecting improved momentum in both retail and hotels.
Retail focus on value and price leadership drove sales growth and market share gains, especially in Dan Murphy's and BWS, which saw Q2 sales growth of 2.2% and record December sales, despite a highly competitive environment.
Hotels delivered 4.4% sales growth, supported by food, bar, and gaming, with 21 venues upgraded and over 800 new EGMs installed, fueling revenue growth.
Statutory NPAT was $247 million, down 17.1% year-over-year, impacted by $31 million in significant items after tax.
The Board declared a fully franked interim dividend of 10.8 cents per share (70% payout ratio).
Financial highlights
Underlying EBIT declined 5.4% year-over-year; underlying NPAT fell 6.7% to $278 million; statutory NPAT was $247 million.
Retail sales increased 0.2% to $5.5 billion; Dan Murphy's and BWS combined sales grew 0.7%.
Hotels sales rose 4.4% to $1.2 billion, with comparable hotel sales up 4.2%.
Online sales for Dan Murphy's and BWS surged 35.1%, now 11.3% of combined sales.
Gross profit margin in retail declined 84 bps to 23.9% due to price leadership and promotions; hotel gross margin expanded 12 bps to 85%.
Outlook and guidance
Sales growth moderated in February after a strong holiday period; consumer spending outlook remains uncertain amid inflation and global tensions.
Group expects FY26 OpEx and CapEx to be at or below prior guidance, with CapEx revised up to $460–500 million to support hotel renewals.
Commitment to price leadership in retail and accelerated hotel investment to continue.
Management expects continued compliance with financial covenants and sufficient liquidity for the next 12 months.
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