Endeavour Group posts $12.21B sales in FY26

• Retail sales momentum built up as customers responded to value and price leadership, bringing full-year group sales to $12.2 billion.
• The company share price moved down to $3.39 following the financial report release.
• Management is driving a cost-out target of $300 million by fiscal 2029 to streamline operations.

Endeavour Group (ASX:EDV) reported total group sales of $12.21 billion for the 52 weeks ended June 28, alongside an underlying net profit after tax of $363 million.

Group statutory net profit after tax plummeted 85% year over year to $52 million.

"Following the introduction of lower shelf prices in Dan Murphy's at the end of Q1 FY26 and the decision to lift our promotional competitiveness and value orientation across both Dan Murphyʼs and BWS, our retail business is consistently gaining share, delivering 10 consecutive months of sales growth," said Endeavour Group Managing Director and CEO Jayne Hrdlicka.

Retail sales momentum improved throughout the period, with combined sales growth for Dan Murphys and BWS rising from 0.7% in the first half to 1.4% in the second half.

The company stated that its cost-out target of $300 million by fiscal 2029 remains on track, with initiatives delivering 70% of the fiscal 2027 target already executed.

Following the announcement, the Endeavour Group share price was down at $3.39.

The company operates a large network of retail liquor stores and hotels across Australia, including the Dan Murphy's and BWS retail brands.