Not Good to quote
“EBITS growth expectations exclude any potential impacts of the recent coronavirus outbreak. TWE’s primary focus is the safety and wellbeing of its people, all of whom are well, in good spirits and currently working from home pending their planned return to the office later in February. While at this stage it is too early to assess financial impacts, should there be a sustained material impact on consumption, this would impact F20 earnings. TWE notes that Asia is a predominantly Luxury wine sales region, and that it has the flexibility to allocate Luxury wines to later fiscal periods and other geographies in order to deliver sustainable earnings growth. Importantly, TWE remains excited by the significant long-term opportunity in the Asia region.
Stating that they can move sales around therefore impact will be limited.!Tough day tomorrow!
TWE Price at posting:
$11.86 Sentiment: None Disclosure: Held
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