Dan Murphy’s owner Endeavour expects to report a sharp drop in full-year profit after flagging a $311 million hit associated with boss Jayne Hrdlicka’s restructure of the business. But once the $311m in charges from asset writedowns and restructuring are included, Endeavour’s profits plummet from $426m in 2025 to just $52m in 2026. Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox. Wednesday’s update revealed that of the writedowns, $40m would come from the slated closure of a Melbourne distribution centre and $58m on restructuring and strategy review costs. There would be $67m in writedowns coming from 25 hotels and another $45m in 75 liquor stores, as well as $4m in retail range rationalisation.