TWE FY2017: Americas Biz is Stalwart, US Still a Work in Progress

Delivering a healthy 10% increase in sales, Treasury Wine Estates' Americas division is one of its strongest regions, but its US business was still in the "fixing" phase for fiscal 2017, according to leadership's commentary in last night's full-year earnings call.TWE's US sales for the year were down 3% due to the weak $4-$8 commercial price segment and some corrective pricing strategies. But, adjusting for divestments, volume was up 2% in the US for fiscal 2017.Crediting its strong retail and