Dan Murphy, BWS owner's promotions cut into bottom line
Endeavour Group's strategy to lower prices and run promotions grew sales to $5.4 billion but cut profit guidance to $400-$411 million, causing shares to drop 6.4%.
8 Articles
8 Articles
Dan Murphy’s owner Endeavour Group sacrifices margins to boost volumes, triggering sell-off in shares
Shares in Endeavour Group, the owner of Dan Murphy’s and BWS, slid to a two-month low on Tuesday after the company revealed it had ramped up discounting to lift sales, a strategy that is weighing on profit margins in an… The post Dan Murphy’s owner Endeavour Group sacrifices margins to boost volumes, triggering sell-off in shares appeared first on The Asia Live.
Pricing focus drives sales growth for Endeavour
Endeavour Group has announced its results for the first half of the financial year with positive growth in both its retail and hotel businesses. Dan Murphy’s and BWS recorded combined sales of $5.4bn in the first half of FY26, up 0.7 per cent year-on-year. The retailers delivered four consecutive months of sales growth from September, which the group attributed to its focus on price leadership, particularly at Dan Murphy’s. In the second quarter…
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