President Of Treasury Americas Explains How New Wine Strategy Is Increasing Profits [Forbes]
TREASURY WINE EST S/ADR (TSRYY)
NASDAQ:AMEX Investor Relations:
tweglobal.com/investors
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Source: Forbes
With reports of global wine sales volume declines for the past two years, it was refreshing to learn that one of the world's largest publicly traded wine corporations, Treasury Wine Estates , actually achieved an 8% increase in profit during its recent fiscal year (ending July 30, 2024). Given Treasury's flurry of both acquisitions and divestments, many people have been curious about how these results were achieved. Therefore, I reached out to Ben Dollard, President of Treasury Americas, and in an online interview he explained how the company's new focus on the ultra-premium and luxury wine segments was allowing them to pull ahead of the pack. “We are pleased with the outcome of our results - specifically with our U.S. wine businesses,” stated Dollard. “Highlights include the acquisitions of Daou and Frank Family wineries to complement our other brands. And we became a $1 billion business for the first time (in Australian dollars).” The net profit for Treasury Wine Estates was
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