Lackluster Premium Growth Weighs Down Treasury Americas’ H1 Results

Dear Client:   Treasury Wine Estates reported a global net sales revenue increase of 1.4% for the first half of the fiscal year.  "This performance was driven by three key factors: growth in our luxury portfolio, the successful implementation of price increases across several key brands and cost savings from our global supply chain optimization program of recent years," said chief Tim Ford on yesterday evening's earnings call.  "Whilst the broader macroeconomic backdrop remains somewhat uncertain, global wine category trends