Treasury Wine Estates (ASX:TWE) projects that its group earnings before interest, tax, and amortization (EBITS) will be more heavily weighted toward the second half of fiscal year 2024.

The initial trading conditions of the first quarter have been consistent with the company’s overall expectations.

There has been a continued sturdy demand for luxury wines and robust category influences on premium wines, on a global scale.

Further into FY24, Treasury Wine Estates (ASX:TWE) is optimistic about its ability to deliver a growth that aligns with its long term ambition, alongside a continued EBITS margin expansion.

Treasury Wine Estates is a global winemaking and distribution company known for its luxury and premium wines.