January 28, 2020 / 8:05 AM / 25 days ago

Australia's Treasury Wine Estates cuts FY20 guidance as U.S. performance falters

Jan 28 (Reuters) - Australia’s Treasury Wine Estates on Tuesday lowered its fiscal 2020 earnings guidance citing underperformance at its United States business.

The company now expects EBITS (earnings before interest, tax, and SGARA) growth of about 5% to 10%, revised down from an earlier range of 15% to 20%.

Reporting By Rushil Dutta in Bengaluru; Editing by Tom Hogue

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