Endeavour Group (ASX:EGP) experienced its most significant drop in over a month after not reaching expected profit margins.
The company, which stands as the largest pub owner in the country, revealed a net profit after taxes for the full year amounting to A$529 million, falling short of the Visible Alpha consensus expectation of A$544 million.
Nonetheless, this figure represents a growth of approximately 7% compared to the previous year.
Additionally, the group announced sales reaching A$11.9 billion combined with a final dividend of 7.5 AU cents per share.
Financial analysts from Ord Minnet regard the outcome as solid growth on FY22 but note it as slightly beneath consensus estimates.
Share prices reached an all-time low since July 19, marking a roughly 6.5% decrease in the stock’s value since the start of this year counted up until the last closing.
Endeavour Group is the largest pub owner in the country, with numerous establishments across various cities.