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Treasury Wine Says Recovery of Luxury Brands Slower Than Expected
Treasury Wine Says Recovery of Luxury Brands Slower Than Expected
By Stuart Condie
SYDNEY--Treasury Wine Estates Ltd. said sales of its luxury brands have been slightly lower than expected so far in its 2022 fiscal year amid Covid-19 lockdowns in Australia and the gradual reopening of the U.S. economy.
The Australian wine producer and marketer on Friday said the recovery of key luxury sales channels from the Covid-hit prior fiscal year was slower than anticipated. The slower pace was particularly evident in the U.S.
Execution plans in Australia outside of major retailers had been disrupted by lockdowns in Sydney and Melbourne, which shuttered pubs, bars and restaurants for months, according to Treasury Wine.
"While the momentum in these channels is slightly behind, we remain confident that as vaccination programs gain momentum and restrictions ease across these key premium and luxury wine sales channels that we are well-placed to execute our plans to deliver growth," Chief Executive Tim Ford said in a speech to be delivered at the company's annual general meeting.
Treasury Wine was experiencing reduced vessel availability and shipping delays due to global logistics issues, he said, and the problems are expected to continue.
Write to Stuart Condie at stuart.condie@wsj.com
By Stuart Condie
斯图尔特·康迪(Stuart Condie)著
SYDNEY--Treasury Wine Estates Ltd. said sales of its luxury brands have been slightly lower than expected so far in its 2022 fiscal year amid Covid-19 lockdowns in Australia and the gradual reopening of the U.S. economy.
悉尼--Treasury Wine EStates Ltd.说,到目前为止,其奢侈品牌在2022财年的销售额略低于预期,原因是澳大利亚的新冠肺炎被关闭,美国经济逐步重启。
The Australian wine producer and marketer on Friday said the recovery of key luxury sales channels from the Covid-hit prior fiscal year was slower than anticipated. The slower pace was particularly evident in the U.S.
这家澳大利亚葡萄酒生产商和营销商周五表示,关键奢侈品销售渠道从Covid打击的上一财年复苏的速度慢于预期。较慢的步伐在美国尤为明显。
Execution plans in Australia outside of major retailers had been disrupted by lockdowns in Sydney and Melbourne, which shuttered pubs, bars and restaurants for months, according to Treasury Wine.
据Treasury Wine称,澳大利亚主要零售商以外的执行计划因悉尼和墨尔本的封锁而中断,导致酒吧、酒吧和餐厅关闭数月。
"While the momentum in these channels is slightly behind, we remain confident that as vaccination programs gain momentum and restrictions ease across these key premium and luxury wine sales channels that we are well-placed to execute our plans to deliver growth," Chief Executive Tim Ford said in a speech to be delivered at the company's annual general meeting.
首席执行官蒂姆·福特(Tim Ford)在将于公司年度股东大会上发表的演讲中表示:“虽然这些渠道的增长势头略有滞后,但我们仍然相信,随着疫苗接种计划的势头增强,以及这些关键的高端和豪华葡萄酒销售渠道的限制放松,我们将处于有利地位,能够执行我们的增长计划。”福特将在公司年度股东大会上发表讲话。
Treasury Wine was experiencing reduced vessel availability and shipping delays due to global logistics issues, he said, and the problems are expected to continue.
他说,由于全球物流问题,Treasury Wine正在经历船只可用性减少和运输延误,预计这些问题将继续存在。
Write to Stuart Condie at stuart.condie@wsj.com
写信给斯图尔特·康迪(Stuart.Condie@wsj.com)
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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