Stock Track | Treasury Wine Estates Soars 6.77% Intraday on U.S. Distributor Dispute Settlement and Raised Earnings Outlook

Stock Track
02/10

Treasury Wine Estates Ltd's stock surged 6.77% during intraday trading on Tuesday, following the announcement of a favorable resolution to a significant business dispute and an upgrade to its financial forecast.

The winemaker settled a dispute with its U.S. distributor, Republic National Distributing Company (RNDC), regarding the closure of its California operations last September. This settlement removes a key source of uncertainty for the company.

Concurrently, Treasury Wine raised its first-half earnings before interest and taxes (EBIT) guidance to approximately A$236 million, exceeding its previously announced range of A$225 million to A$235 million. The company also reported that depletions in states distributed by RNDC grew by 2.7% in the first half, indicating underlying business strength despite the regional closure.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10