Aug 5, 2026 – 10.59amBottle shop and pubs owner Endeavour has flagged a sharp drop in annual profit after reporting a bigger-than-expected $311 million in charges from asset writedowns and restructuring costs, as chief executive Jayne Hrdlicka implements a plan to reverse the company’s flagging fortunes.The nation’s largest liquor store operator, which owns the Dan Murphy’s and BWS chains, expects to report net profit of around $52 million for the year to end-June, down from $426 million in the prior year.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Dan Murphy’s owner flags big profit drop as Hrdlicka plots turnaround
Endeavour CEO Jayne Hrdlicka’s turnaround plan is causing some short-term pain at the drinks giant, as she streamlines the business to shore up profitability.
TL;DRAI
Endeavour (Dan Murphy's, BWS owner) reported net profit of $52M vs $426M prior year, driven by $311M in writedowns and restructuring charges. Retail margin pressure and turnaround complexity signal challenges for legacy business models adapting to modern competitive dynamics.
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