At the briefing, CEO Steve Donohoe said the Melbourne liquor distribution centre acts as a national hub so the industrial relations problems experienced by WOW affected EDV Oz-wide, especially in (BWS) stores attached to supermarkets. EDV was disappointed by the performance of its retail liquor division.
Hotels did much better.
25 per cent of Australian adults are members of My Dan's loyalty program.
One Endeavour (separating from WOW) is on time and on budget. Expenditure will peak in FY 26.
CFO Kate Beattie said net debt is generally lower in 1 H (seasonality).
Adjusting for New Year's Day that fell in 1H 25 but not in 1H 24, retail sales dropped by 1.2 per cent, lower than that shown on page 23.
Re slide 27 that shows in Q3 so far retail sales down 0.7pc but hotel sales up 4.7pc, the hotels division is a natural hedge to the BWS and Dan's stores.
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