Endeavour Group experienced a 2.5% increase in total revenue to $6.7 billion in the first half of FY24.

Retail sales and pubs sales went up 2.5% and 2.7%, respectively. Group EBIT rose 2.6% to $661 million, benefiting from cost-cutting initiatives like the endeavourGo program and gross margin management.

Net profit fell 3.6% to $351 million. CEO Steve Donohue noted improved food and beverage offerings, driving hotel sales growth by 2.7%.

The company declared an interim dividend of 14.3 cents per share, payable on April 8.

Endeavour Group aims for higher returns on funds employed and plans to boost hotel earnings by over $150 million in the next five years.