Treasury Wine Maintains Earnings Guidance, Sees Double-Digit Organic Revenue Growth in Fiscal Q1; Shares Up 4%

MT Newswires Live

Oct 17, 2024

Treasury Wine Estates (ASX:TWE) maintained its normalized EBIT guidance of AU$780 million to AU$810 million for the fiscal year ending June 30, 2025, according to a Thursday filing with the Australian bourse.

The wine company expects to achieve "double-digit" organic group net sales revenue growth in the fiscal first quarter on the back of its luxury-led focus. Treasury Americas Luxury's performance is also anticipated to accelerate from the second quarter amid the holiday selling period, the filing stated.

Meanwhile, Treasury Wine Estates said it has cut its greenhouse gas emissions by 66% since it began its refreshed sustainability strategy in 2021. It said roughly 80% of its total electricity usage over fiscal 2024 came from certified renewable sources.

Treasury Wine Estates' shares were up 4% in recent trade.

Price (AUD): $12.11, Change: $+0.42, Percent Change: +3.55%

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Treasury Americas Luxury's performance is also anticipated to accelerate from the second quarter amid the holiday selling period, the filing stated.</p><p>Meanwhile, Treasury Wine Estates said it has cut its greenhouse gas emissions by 66% since it began its refreshed sustainability strategy in 2021. It said roughly 80% of its total electricity usage over fiscal 2024 came from certified renewable sources.</p><p>Treasury Wine Estates' shares were up 4% in recent trade.</p><p>Price (AUD): $12.11, Change: $+0.42, Percent Change: +3.55%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TWE.AU","symbol_name":"TREASURY WINE ESTATES LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2476185639","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476185639","pubTimestamp":1729125071,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Treasury Americas Luxury's performance is also anticipated to accelerate from the second quarter amid the holiday selling period, the filing stated.Meanwhile, Treasury Wine Estates said it has cut its greenhouse gas emissions by 66% since it began its refreshed sustainability strategy in 2021. It said roughly 80% of its total electricity usage over fiscal 2024 came from certified renewable sources.Treasury Wine Estates' shares were up 4% in recent trade.Price (AUD): $12.11, Change: $+0.42, Percent Change: +3.55%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}