Endeavour Group Provided Softer Fiscal Year 2026 Update, Though Better than Feared, Jarden Says

MT Newswires Live

Aug 06

Endeavour Group (ASX:EDV) provided a softer fiscal year 2026 update, albeit better than feared, Jarden said in a Thursday note.

Its fiscal year underlying net profit after tax was 4% below the market, with the second half underlying earnings before interest and taxes (EBIT) impacted by a 29% decline in second half retail EBIT. Concerns linger about the sustainability of the top line, without investing further into margin, with second half retail margins down 130 basis points year-over-year.

Endeavour is a strong business that needs to better leverage its brand to grow share of customer wallet, Jarden said. The management's comments regarding no further re-basing of prices and growing the top line are positive.

The investment firm retained its underweight rating and raised the price target to AU$3.20 per share from AU$3.10 per share.

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Concerns linger about the sustainability of the top line, without investing further into margin, with second half retail margins down 130 basis points year-over-year.</p><p>Endeavour is a strong business that needs to better leverage its brand to grow share of customer wallet, Jarden said. The management's comments regarding no further re-basing of prices and growing the top line are positive.</p><p>The investment firm retained its underweight rating and raised the price target to AU$3.20 per share from AU$3.10 per share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EBIT","symbol_name":"Harbor AlphaEdge Small Cap Earners ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2657108504","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2657108504","pubTimestamp":1785995228,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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