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Derek Rose

UNCOVERED: Dan murphy s owner slashes dividend as profit tumbles - The Untold Story

Dan Murphy Endeavour Group Jayne Hrdlicka Endeavour BWS

Endeavour Group will cut its dividend after profit slipped to $426 million in the year to June 29. (Dan Himbrechts/AAP PHOTOS)

Australia's biggest alcohol retailer is looking forward to new leadership and the results of a strategic review after a sub-par year marked by a drop in profit and management turmoil.

Dan Murphy's and BWS owner Endeavour Group on Monday said it would cut its dividend after making $426 million in net profit after tax in the year to June 29, down 15.8 per cent from 2023/24.

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