MARKET REPORT
Treasury Wine takes $395 million charge on US supply chain overhaul
Executive takeaway
Treasury Wine Estates announced a $395 million charge linked to a restructuring of its United States supply chain.
Treasury Wine Estates said it will book a charge of about $395 million tied to a revamp of its supply chain in the United States.
The US business has been a persistent source of difficulty for the Australian winemaker, which has been reworking its portfolio and distribution arrangements in the market.
The company did not, in the disclosure reported, tie the charge to a change in its underlying earnings guidance.
Wire sources cited
- Investing.com — All NewsTreasury Wine announces $395 million charge tied to US supply chain revampExternal ↗
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.