Treasury Wine Estates Ltd. reported a 36.1% decline in its key EBITS (earnings before interest, tax, and agricultural valuation smoothing) metric to 492.3 million Australian dollars (approximately $348 million) for the fiscal year ended June 30. The company stated that the decline was primarily due to subdued global alcohol consumption and supply chain issues in the Chinese and U.S. markets. Despite this, the earnings were slightly above analysts' expectations.