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

Stock Track

Feb 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.

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This settlement removes a key source of uncertainty for the company.</p><p>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.</p>\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":"","article_id":"1122748640","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122748640","pubTimestamp":1770678177,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"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...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TWE.AU":"TREASURY WINE ESTATES LTD"},"translate_title":"个股追踪|Treasury Wine Estates盘中大涨6.77%，因美国经销商纠纷和解并上调盈利预期","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TWE.AU":1},"content_text":"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. 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