Treasury Wine Lowers Expectations for First Half

Dear Client:You may recall, during its full year results in August, Treasury Wine Estates, warned fiscal 2013 would be a weak year. At the annual shareholder meeting today the company gave a bit more detail on the factors contributing to their slowdown. TWE, the second largest wine company in the world, contends the slowdown is due largely to adverse weather conditions that affected the 2011 harvest in Australia and California. This year, "the vast majority of the wine that we