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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
斯圖爾特·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.説,到目前為止,其奢侈品牌在2022財年的銷售額略低於預期,原因是澳大利亞的新冠肺炎被關閉,美國經濟逐步重啟。
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.
這家澳大利亞葡萄酒生產商和營銷商周五表示,關鍵奢侈品銷售渠道從Covid打擊的上一財年復甦的速度慢於預期。較慢的步伐在美國尤為明顯。
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.
據Treasury Wine稱,澳大利亞主要零售商以外的執行計劃因悉尼和墨爾本的封鎖而中斷,導致酒吧、酒吧和餐廳關閉數月。
"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.
首席執行官蒂姆·福特(Tim Ford)在將於公司年度股東大會上發表的演講中表示:“雖然這些渠道的增長勢頭略有滯後,但我們仍然相信,隨着疫苗接種計劃的勢頭增強,以及這些關鍵的高端和豪華葡萄酒銷售渠道的限制放鬆,我們將處於有利地位,能夠執行我們的增長計劃。”福特將在公司年度股東大會上發表講話。
Treasury Wine was experiencing reduced vessel availability and shipping delays due to global logistics issues, he said, and the problems are expected to continue.
他説,由於全球物流問題,Treasury Wine正在經歷船隻可用性減少和運輸延誤,預計這些問題將繼續存在。
Write to Stuart Condie at stuart.condie@wsj.com
寫信給斯圖爾特·康迪(Stuart.Condie@wsj.com)
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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., 是關聯公司。
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
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., 是關聯公司。
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