<AD>

<WIRE> Endeavour Group (ASX:EGP) Shares Fall Sharply Following Profit Miss



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.


View full chart on Save $30 on a Pro or Premium TradingView account

Save $30 on a Pro or Premium TradingView account


Supported by

<SPON> Trade share CFDs with Plus500



Global online trading services company, Plus500:

Plus500 trading platform allows you to trade shares from all popular markets such as USA, UK, Germany and more, with leverage and low spreads. Using our advanced trading tools, you can also control your profits and losses.

Plus500AU Pty Ltd, AFSL #417727 issued by Australian Securities and Investments Commission. Based in Sydney.

LINK


Subscribe to the newsletter

Receive whispers every day in your inbox.