Endeavour Group posts 1% fall in Q1 sales at Dan Murphy's, BWS

The news: Liquor retailer Endeavour Group reported a 1% slide in first-quarter sales at its Dan Murphy's and BWS stores, as the company flagged "relatively subdued" levels of consumer spending during the period.

The numbers: Dan Murphy's and BWS saw sales drop 1% year on year to $2.4 billion. Sales in Endeavour's hotels business rose 4.4% to $592 million. Total sales edged down 0.3% to $3.1 billion.

The context: Endeavour CEO Kate Beattie said retail sales improved over the quarter following a "soft start" to the new financial year. The result was boosted by targeted promotional campaigns in September, but Beattie noted that consumer spending was "relatively subdued" outside of key events.