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Treasury Sees "Challenging U.S. Market Conditions" In Fiscal First Half

January 28, 2020

Treasury Wine Estates has released results for its fiscal first half ended in December two weeks ahead of schedule. While the Australia-based wine giant saw net sales rise 2% to A$1.5 billion ($1b) and EBITS climb 6% to A$367 million ($248m) globally, the company said difficult conditions in the U.S.-and unexpected changes to its Americas leadership-weighed down its business in that region during the period