EDV 0.60% $4.99 endeavour group limited

Ann: F23 Results Investor Presentation, page-2

  1. 10,713 Posts.
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    So far I've only read the media release.

    In challenging economic circumstances, at fare value this seems a very good result, even though sales growth for liquor and hotels is below inflation (hence, effectively a decline in real terms).

    The dividend is up 7.9 per cent, so either matches or slightly exceeds inflation.

    The performance of the hotels division is particularly pleasing as I was worried 'post-COVID' that previous patrons would change their habits and not go to the pub for a meal and/or drinks.

    That EDV is trying to take some costs out of the business is a positive, as labour costs in Australia are very high.
 
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