Australian liquor retailer Endeavour stumbles to worst day in 6 months on weak sales
(Reuters) -Shares of Australia's Endeavour Group fell 6.5% on Friday, set for their biggest one-day drop since August, after the alcohol retailer's half-year profit took a beating as supply chain issues disrupted sales in the peak end-of-year period. Citigroup analysts said the biggest hit to the supply chain, according to Endeavour, was to its stores in Victoria that were collocated with Woolworths supermarkets. Endeavour said sales dropped 0.6% to A$6.6 billion in the first half, also affected by premiumisation trends reversing in some cases, as consumers traded down from French champagne to sparkling wines.