Treasury Wine Estates Limited (TSRYY) Shareholder/Analyst Call Transcript

Operator

Thank you for standing by, and welcome to the Treasury Wine Estates Investor Update. [Operator Instructions]

I would now like to hand the conference over to Mr. Sam Fischer, Chief Executive Officer. Please go ahead.

Samuel Andrew Fischer
MD, CEO & Director

Thank you, operator. And good morning to you all, and thank you for joining today’s call. My name is Sam Fischer, and I’m the CEO of Treasury Wine Estates, having officially assumed this position on the 27th of October. Also joining me today on the call is Stuart Boxer, TWE’s Chief Financial and Strategy Officer.

This morning, we provided the market with an update on our performance expectations, including the decision to take deliberate strategic action to ensure we remain positioned for future sustainable growth.

To be honest, this is not the first market update I thought I’d be making as TWE’s incoming CEO. It is, however, one that is critical to ensure that we maintain the ongoing strength of our brands and the health of our sales channels as we navigate what is a challenging environment for the global alcohol category and the wine industry more specifically. Despite these conditions, it’s important to note that