TWE Ends “Milestone Year” with “Significant Progress”

Dear Client: Fiscal 2021 was a "year of significant change and achievement" for Treasury Wine Estates, said ceo Tim Ford on last night's earnings call. The company ended its fiscal year with total net sales revenue down 3%, but, excluding currency impact and the recent divestment of its US commercial brands, net sales revenue was actually up 4.4% on an organic basis. You'll recall, TWE recently restructured its business into three brand-led divisions (Penfolds, Treasury Premium Brands and Treasury Americas). They're just