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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