Endeavour Group Limited (EDV) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.959 -- 00:00:05.626 Thank you and good morning everyone. Thanks for joining us today for Endeavor Group's 00:00:05.626 -- 00:00:10.773 half year 2026 results. I'm joined today by Kate Beattie, our Chief Financial 00:00:10.773 -- 00:00:15.940 Officer, who was most recently our Interim Chief Executive Officer. 00:00:15.940 -- 00:00:21.127 I'd like to begin today by acknowledging the Gadigal people as the traditional custodians 00:00:21.127 -- 00:00:25.994 of the land we're presenting from today and pay my respects to their elders past, present 00:00:25.994 -- 00:00:28.195 and emerging. 00:00:28.195 -- 00:00:33.941 I'll start on slide four and speak briefly to the group's 00:00:34.284 -- 00:00:36.668 half one highlights. 00:00:36.668 -- 00:00:42.376 In the first half, the group delivered underlying EBIT of $563 million, 00:00:42.376 -- 00:00:47.263 which is the upper end of the range we provided in our January trading update. 00:00:47.263 -- 00:00:53.890 In retail, our continued focus on value and price leadership 00:00:54.065 -- 00:00:59.190 has been embraced by our customers and is delivering both sales growth and market share 00:00:59.190 -- 00:01:04.174 gains. The market remains highly competitive, and despite a very strong holiday trading 00:01:04.174 -- 00:01:08.458 period, consumer softness continues to be evident. 00:01:08.458 -- 00:01:13.343 In hotels, the business continued to perform well, supported by positive trends in food 00:01:13.343 -- 00:01:18.788 and bar transactions and targeted investment in renewals and new EGMs. 00:01:18.788 -- 00:01:22.691 Customer responsiveness to our investment in new games and improvements in the gaming 00:01:22.691 -- 00:01:27.098 experience is fast and links to broader engagement in the venue. 00:01:27.098 -...