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flag Endeavour Group, Australia's biggest alcohol seller, reports a 15.8% profit drop, facing cost of living challenges.

flag Australia's largest alcohol retailer, Endeavour Group, saw a 15.8% drop in net profit to $426 million, citing subdued sales due to cost of living pressures, especially in poorer suburban areas. flag The company plans to cut its dividend and is reviewing its business portfolio, which may lead to a split of its pubs and liquor stores. flag Despite the retail sales decline of 1.2%, its hotel and club sales increased by 4.1%. flag The company also plans to add 600 new poker machines.

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