Treasury Wine Estates Projects Solid Growth

Treasury Wine Estates Limited (AU:TWE) has released an update.

Treasury Wine Estates Limited (ASX: TWE) has reaffirmed its financial year 2024 guidance, projecting mid-to-high single-digit EBITS growth and expecting EBITS from Treasury Americas to be in the range of $223m to $228m. The investor presentation highlighted the growth potential of its luxury portfolio and the anticipated earnings accretion from the DAOU acquisition. The company plans to provide an update on its premium brands’ operating model by August and anticipates low double-digit annual revenue growth for DAOU over the medium term.

For further insights into AU:TWE stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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