TWE in the Red in H1, But Still on “Positive Trajectory”

Dear Client:   Treasury Wine Estates' global net sales revenue declined 10% for the first half of its fiscal year, but TWE leadership is not worried. "We firmly believe that we've moved from a significant and important period of restructuring and recovery to the exciting growth phase and execution phase for TWE," said ceo Tim Ford on last night's earnings call. Net sales revenue was negatively impacted by the divestiture of the US commercial portfolio, the "significant decline" in shipments