Endeavour Drinks Group offers upside in disappointing Woolworths result

Woolworths Limited published its annual results on Thursday and although it was a disappointing result for the overall group, for the first time Endeavour Drinks Group was reported separately and it offered a promising result. Woolworths reported a full-year loss of $1.235bn, driven by $2.628bn of write-downs mostly linked to the underperforming Big W stores and its exit from the hardware sector.