Earnings Call Summary | TREASURY WINE ESTATES LTD SPON ADR EACH REPR 1 ORD SHS(TSRYY.US) Q2 2024 Earnings Conference
Earnings Call Summary | TREASURY WINE ESTATES LTD SPON ADR EACH REPR 1 ORD SHS(TSRYY.US) Q2 2024 Earnings Conference
The following is a summary of the Treasury Wine Estates Limited (TSRYY) Q2 2024 Earnings Call Transcript:
以下是財政部葡萄酒莊園有限公司（TSRYY）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Treasury Wine Estates reported a decrease in EBITs by 6% to $289.8 million and a decline in net sales revenue by 2.3% primarily due to struggles in Treasury Americas and Premium brands portfolio.
The cost of goods sold per case surged by 13.4% due to a shift towards Luxury and premium wine.
Net profit after tax fell by 5.9%, and EPS also declined by 7.5%, influenced by an increased number of shares following the DAOU acquisition.
The company returned capital to shareholders with an interim dividend of $0.17 per share and aims to stay within the 55%-70% payout ratio for the entire fiscal year.
Despite these challenges, the company remains optimistic about its second-half performance, forecasting mid to high single digit organic EBITs growth, excluding DAOU contributions.
Treasury Wine Estates報告稱，EBIT下降了6％，至2.898億美元，淨銷售收入下降了2.3％，這主要是由於美國財資和高端品牌的投資組合陷入困境。
由於向奢侈品和優質葡萄酒的轉移，每箱銷售的商品成本飆升了13.4％。
受收購DAOU後股票數量增加的影響，稅後淨利潤下降了5.9％，每股收益也下降了7.5％。
該公司向股東返還了資本，中期股息爲每股0.17美元，目標是整個財年的派息率保持在55％-70％以內。
儘管面臨這些挑戰，但該公司仍對其下半年的業績持樂觀態度，預計不包括DAOU的捐款，有機電子商務利潤將增長中到較高的個位數。
Business Progress:
業務進展：
During the quarter, the company maintained momentum in its luxury wine portfolio, with an increase in global luxury sales offsetting a decline in premium commercial revenue.
The business made significant advancements in strategy, including the launch of CWT 521 in China and introducing a new Champagne in collaboration with Champagne Thiénot to strengthen its global presence.
Key strategic priorities in Americas include the integration of DAOU, focusing on luxury growth, and planning for a more evenly split distribution of Penfolds business throughout the year.
Management is strategically examining potential growth opportunities for DAOU outside California and the international business expansion from a small base.
The firm also communicated future plans to expand its operation by investing in low- and no-alcohol wine production technology in Australia and broadening winery operations in France.
Treasury Wine Estates is optimistic about the future, expecting improved COGS and EBITS in H2.
The company stays committed to its growth strategy, including the drive in Luxury leadership in the United States through the DAOU acquisition, assessing the future operation model for its global portfolio of premium brands, and implementing the Penfolds growth strategy.
在本季度，該公司保持了奢侈葡萄酒產品組合的勢頭，全球奢侈品銷售的增長抵消了優質商業收入的下降。
該業務在戰略上取得了重大進展，包括在中國推出CWT 521，以及與Champagne Thie'not合作推出了一款新的香檳以加強其全球影響力。
美洲的主要戰略優先事項包括整合DAOU，專注於奢侈品的增長，以及計劃在全年實現更均衡的Penfolds業務分配。
管理層正在戰略性地研究加州以外的DAOU的潛在增長機會以及從小規模擴張的國際業務。
該公司還傳達了未來擴大業務的計劃，即通過投資澳大利亞的低酒精和無酒精葡萄酒生產技術以及擴大法國的釀酒廠業務。
財政部葡萄酒莊園對未來持樂觀態度，預計下半年的COGS和EBITS將有所改善。
該公司繼續致力於其增長戰略，包括通過收購DAOU推動奢侈品在美國的領導地位，評估其全球高端品牌組合的未來運營模式，以及實施Penfolds的增長戰略。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。