Endeavour's Cost Reductions Partially Offset Investment Costs and Wage Inflation

Endeavour is Australia's preeminent omnichannel liquor retailer, operating the largest network of brick-and-mortar stores throughout the country, with more than 1,700 liquor outlets across the well-known Dan Murphy's and BWS brands. Endeavour also has substantial interests in hotels and electronic gaming machines, operating more than 12,000 gaming machines across its portfolio of over 300 hotels, pubs, and clubs. Endeavour is one of Australia's leading employers, with staff of some 30,000 throughout Australia.