The liquor and gaming giant faced questions from analysts about growth ahead of a fiery annual meeting this week.
The boss of drinks giant Endeavour Group has defended the performance of Dan Murphy’s and BWS sales that have undershot market expectations as management executives and board directors steel themselves for an impending protest strike against their pay.
“Dan Murphy’s probably needs to be doing better than per cent if you’re going to be able to grow profit in the future … So what can we expect from you in the next three to six months as investors to really believe that you haven’t lost your mojo?” Donohue said the company would focus on “unlock the next phase of growth” by “driv earnings and sales growth, gross margin management and cost control” and “managing our working capital inventory”.
The second quarter, which folds in the Christmas trading period as well as the spring races, is expected to deliver strongly for Endeavour. “As people come into Christmas they’ll be looking to save a maximum amount of money on the big shop they do,” he said.