TWE Americas is a “Fundamentally Changed Business”

Dear Client: Treasury Wine Estates held an Investor Day earlier this week (and boy, was it a full day). Below are some highlights, including updated fiscal expectations, more color on the recent RNDC agreement, and more.   FISCAL UPDATE AHEAD OF EXPECTATIONS. TWE brass shared an improved outlook for fiscal 2021. The company now expects EBITS in the range of $495 million to $515 million globally, "ahead of the current market consensus," representing growth of 33% in H2 compared to the