Endeavour Group Limited (EDV)
All research reports and stock updates for Endeavour Group Limited.
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Back to the future
The Victorian Government has announced proposed changes to gaming machines that echoes an infamous day in 2008. Regulatory scrutiny and changes in the gaming industry are a frequent negative event that needs to be understood before investing in this industry.
Opening time
Normalisation of consumer activity without lockdowns is almost complete. Endeavour Group is seeing retail sales, including online easing while hotel sales are doing very well.
Back to the pub
Australians got back to their favourite watering holes, especially in the last six months, swinging the liquor spending pendulum towards normal.
Glass half full
Endeavour Group benefited from the pandemic and is facing a slower pace of growth in the short term. Into the future, there is ample opportunity to improve its already large hotel portfolio and retail liquor store network.
Back to the pub
Omicron and flooding in northern NSW and Queensland affected Endeavour Group’s 3Q22 sales performance.
Cheers, big ears
Since separating from Woolworths last year, Endeavour Group has quietly sailed under the radar. Its maiden interim profit result showed improving profitability even though its hotels business was heavily impacted by closures.
Lockdowns end, pubs open
Online sales have continued to grow quickly reaching $305 million in 1Q22, an increase of 34.4% over last year. Online penetration of total sales is now at 11.5% with a portion of this growth attributable to more home consumption in the absence of hotel patronage. The online shift is also reflected in the rapidly rising numbers of My Dan’s loyalty members now at 5.9 million.