Australia's Treasury Wine settles US distributor dispute, lifts HY earnings outlook

Reuters

02/10

Feb 10 (Reuters) - Australia's Treasury Wine Estates TWE.AX said on Tuesday it had settled a dispute with its U.S. distributor, Republic National Distributing Company, over the closure of the California operations last September.

The firm now expects first-half earnings before interest and taxes to be nearly A$236 million ($167.35 million), higher than the previously announced range.

($1 = 1.4102 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru; Editing by Krishna Chandra Eluri)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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Editing by Krishna Chandra Eluri)</p><p> ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7505","symbol_name":"食品股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260209:nL4N3Z5236:1","article_id":"2610661144","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610661144","pubTimestamp":1770675201,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Australia's Treasury Wine settles US distributor dispute, lifts HY earnings outlookFeb 10  - Australia's Treasury Wine Estates TWE.AX said on Tuesday it had settled a dispute with its U.S. distributor, Republic National Distributing Company, over the closure of the California operations last September.The firm now expects first-half earnings before interest and taxes to be nearly A$236 million , higher than the previously announced range.  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