Endeavour Group Limited (EDV) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Endeavour Group's F26 first quarter training update. All participants are in a listen-only mode. Endeavour Group's CEO, Kate Beattie, will provide some opening remarks followed by a question and answer session. All participants will need to press star 1 to ask a question. Only one question per person will be permitted. However, if time permits, participants are welcome to rejoin the question queue. I would now like to hand the conference over to Kate Beattie, CEO. Please go ahead. Thank you and thanks everyone for joining us this morning. I'm Kate Beattie and I'm joined by our CFO Tully Ross. I'd like to start by acknowledging the traditional custodians of the land on which we're conducting this call today, the Gadigal people, and pay my respects to their elders past, present and emerging. I'll make some brief remarks on our first quarter trading update before taking questions. Our first quarter results saw improving momentum in retail sales and continued sales growth in our hotels business. In total, across the group for the 14 weeks ending 5 October, we delivered sales of $3.1 billion, down 0.3% on the prior corresponding period. In retail, total sales were $2.5 billion for the quarter, down 1.4% versus the first quarter of F25. This includes the impact of lower specialty business sales following the integration of Shorty's operations into Dan Murphy's, and the transition of Jimmy Brings to a partnership model with Milk Run in F25. Combined Dan Murphy's and BWF sales were $2.4 billion in the quarter, down 1% year-on-year. Following a soft start to F26, our retail sales trajectory improved with positive sales growth in September, which was supported by targeted and well-executed promotions during school holidays and the f...