Endeavour Group’s Sales Impacted by Supply Chain Disruption
Endeavour Group Ltd (AU:EDV) has released an update.
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Endeavour Group Ltd has faced a $25 million hit to sales following industrial action at Woolworths-operated distribution centers in Victoria, impacting their supply chain. Despite the resolution of the dispute, the company continues to feel the effects as it works to replenish affected stores in Victoria, Tasmania, and southern NSW. This disruption, occurring during a critical trading period, was unforeseen in their earlier financial guidance.
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