Luxury Wine Portfolio Growth
Luxury net sales revenue grew 4% globally, supporting top-line stability. The Penfolds brand demonstrated strong momentum, particularly in Asia and Australia, contributing to EBITS growth despite shipment phasing.
Treasury Americas Luxury Portfolio Recovery
Treasury Americas luxury portfolio returned to growth due to modestly increased wine availability. The acquisition of DAOU establishes Treasury Americas as the leading luxury wine business in the U.S.
Strategic Acquisition of DAOU
The acquisition of DAOU Vineyards is expected to deliver strategic and financial benefits, contributing an additional USD 23 million to USD 25 million in EBITS in the second half of FY 2024.
Record NSR per Case Increase
Net sales revenue per case increased by 9.1%, driven by ongoing premiumization of the portfolio mix.