ASX:TWE

Treasury Wine Estates Fiscal 2026 Adjusted Earnings, Revenue Down

Treasury Wine Estates (ASX:TWE) logged AU$0.341 in adjusted earnings per basic share for the fiscal 2026, compared with AU$0.58 a year ago, a Thursday filing showed.For the 12 months ended June 30, revenue was AU$2.63 billion versus AU$2.99 billion previously, the Australia-listed global wine company added.The company expects fiscal 2027 earnings before interest, tax, material items, and self-generating and regenerating assets to be at least equivalent to those in fiscal 2026.

Jarden Research Adjusts Treasury Wine Estates' Price Target to AU$5.20 from AU$5, Keeps at Overweight

Treasury Wine Estates (ASX:TWE) has an average rating of overweight and mean price target of AU$5.58, according to analysts polled by FactSet.

Treasury Wine Estates Has Strong Suite of Brands But Faces Structural Headwinds, Jarden Says

Treasury Wine Estates (ASX:TWE) has a strong suite of brands, with strong asset backing, but it faces structural headwinds, Jarden said in a Monday note.The business is undervalued on an asset basis, and is believed to be nearing the end of the impairments, the brokerage said. It needs to lean more into fewer brands, drive a stronger innovation agenda, and better leverage its global supply chain, via its broad-based distribution.Jarden forecasted earnings before interest, tax, SGARA, and material items of AU$492 million for fiscal 2026.The investment firm maintained its overweight rating and raised its price target to AU$5.20 from AU$5.

Update: Treasury Wine Estates Flags Over AU$558 Million Post-Tax Charge on US Asset Write-Downs; Shares Rise 4%

(Updates with the stock movement in the headline and last paragraph.)Treasury Wine Estates (ASX:TWE) expects to recognize an additional AU$558.4 million post-tax material item charge in fiscal 2026, relating to the non-cash write-down of US-based assets and a further impairment of brands, as part of key initiatives to rebalance its US supply chain, according to a Monday Australian bourse filing.The company said the actions include reducing North Coast vintage make sizes starting this year, and a write-down of inventory predominantly consisting of bulk wine to be managed through sale into bulk wine markets and internal reclassification.Treasury Wine Estates will also recognize a write-down to brands, predominantly DAOU, Frank Family Vineyards, and Beaulieu Vineyard, as a result of a review of June 30 asset carrying values, the filing added.The company said unaudited earnings before interest, tax, SGARA and material items (EBITS) for fiscal 2026 are expected to be AU$492.3 million, ahead of its AU$480 million to AU$490 million guidance range, driven by Penfolds, with leverage expected to peak in fiscal 2026 at 2.8 times, ahead of guidance of 2.9 times, while reiterating its expectation for fiscal 2027 EBITS to be at least equivalent to fiscal 2026.Treasury Wine Estates shares gained nearly 4% in recent Monday trade.

Treasury Wine Estates Flags Over AU$558 Million Post-Tax Charge on US Asset Write-Downs

Treasury Wine Estates (ASX:TWE) expects to recognize an additional AU$558.4 million post-tax material item charge in fiscal 2026, relating to the non-cash write-down of US-based assets and a further impairment of brands, as part of key initiatives to rebalance its US supply chain, according to a Monday Australian bourse filing.The company said the actions include reducing North Coast vintage make sizes starting this year, and a write-down of inventory predominantly consisting of bulk wine to be managed through sale into bulk wine markets and internal reclassification.Treasury Wine Estates will also recognize a write-down to brands, predominantly DAOU, Frank Family Vineyards, and Beaulieu Vineyard, as a result of a review of June 30 asset carrying values, the filing added.The company said unaudited earnings before interest, tax, SGARA and material items (EBITS) for fiscal 2026 are expected to be AU$492.3 million, ahead of its AU$480 million to AU$490 million guidance range, driven by Penfolds, with leverage expected to peak in fiscal 2026 at 2.8 times, ahead of guidance of 2.9 times, while reiterating its expectation for fiscal 2027 EBITS to be at least equivalent to fiscal 2026.

Treasury Wine Estates' Lack of Price Growth in 2026 Penfolds Release 'Not a Good Sign' for Luxury Brand, Jefferies Says

Treasury Wine Estates (ASX:TWE) released its 2026 Penfolds luxury wine brand collection for sale without any price increases, the first time this has happened since 2021, Jefferies said in an Aug. 6 note."Penfolds' brand health remains strong in each of its key markets, but lack of price growth is not a good sign for a luxury brand, particularly one with an established secondary market," the investment firm said.Jefferies believes Penfolds took pricing too aggressively before the 2021 China tariffs and must now work through excess channel inventory before price hikes can be revisited.Notably, Penfolds suspended shipments of Bin 407 in China, a move the equity research firm views as an effort to manage channel inventory, although weather events in key Cabernet regions may have impacted supply, it said.Jefferies added that retailer discounts on release day were shallower than in 2025 and more consistent with historic levels, suggesting that wholesale pricing may be better.The investment firm maintained a hold rating on Treasury Wine Estates with a price target of AU$5.The company's shares gained 2% in recent Friday trade.

Treasury Wine Estates Faces Mixed Conditions in China Market, Jefferies Says

Treasury Wine Estates (ASX:TWE) is facing mixed conditions in the Chinese market, with strong demand for luxury wine contrasting with inventory challenges for its Penfolds business in China, Jefferies said in a note on Wednesday.According to data from Australia's wine regulator, luxury wine export volume rose 36% in the June quarter, marking the strongest quarter since wine tariffs on Australian wine were removed in China in 2024.However, the wine producer has suspended new orders for its popular label Penfolds Bin 407 in the Asian country from July 1 until the end of Sept. This is expected to negatively impact China wine exports in the third quarter.The move likely suggests management is actively trying to reduce excess inventory in China while protecting the Penfolds brand from discounted grey-market sales, the firm said.Jefferies maintained its hold rating and a price target of AU$5 on Treasury Wine Estates.

Treasury Wine Estates Faces Limited Impact from RNDC Wind Down, Jefferies Says

Treasury Wine Estates' (ASX:TWE) exposure to RNDC's "not surprising" wind down is expected to be modest after its distribution services were reduced since last year, Jefferies said in a note on Tuesday.The investment firm said the limited impact could result in any claim against Treasury Wine Estates being less than $1.6 million, as RNDC currently distributes the winemaker's products in only five states compared with more than 20 States last year following its exit from California.In contrast to RNDC, Breakthru is performing better, while Reyes has strong interest in growing its wine distribution business.The brokerage sees value in Treasury Wine Estates but remains cautious due to risks in the US and China markets, including high inventory levels.Jefferies maintained a hold rating and price target of AU$5.00 on Treasury Wine Estates.

Treasury Wine Estates' Premium Red Grape Growing Regions Showed Volume Declines in 2026 Crush, Jefferies Says

Treasury Wine Estates' (ASX:TWE) key premium red grape growing regions showed volume declines in Wine Australia's 2026 national vintage report, Jefferies said in a Wednesday note.While the vintage report showed both the red and white grape crush contracting, white grapes boosted their share of overall volume significantly amid a shift in consumer preferences toward white wines.This dynamic isn't positive for Treasury Wine Estates as the company's brand equity is much stronger in full-bodied red wines, which consumers appear to be moving away from in most markets, the equity research firm said.White varieties represented 53% of total volume crushed, their highest share on record and marking only the second time white grapes accounted for the majority over the last 12 years, the investment firm said.Meanwhile, average grape prices declined 5.6% to hit the lowest level since 2017 despite a significant reduction in supply, as the 2026 grape crush fell 19% year over year. While this could prove helpful for Treasury Wine Estates' cost of goods sold, the decline reflects continued softness in global wine demand, Jefferies said.The investment firm maintained a hold rating on the company with a price target of AU$5.Treasury Wine Estates shares gained over 1% in recent Thursday trade.

Treasury Wine Estates Shares Inch Down After Wine Australia Reported Smallest Crush Since 2000

Treasury Wine Estates' (ASX:TWE) shares inched down in recent trading on Wednesday after Wine Australia said in a same-day report that Australia's 2026 winegrape crush fell to 1.3 million tonnes, the smallest since 2000.The 2026 crush was down 306,334 tonnes, or 19%, from the 2025 national crush and 25% below its 10-year average of 1.7 million tonnes.The crush equates to around 33 million fewer nine-liter cases of wine.The 2026 crush reflected both seasonal pressures, including flooding in the inland regions and a broader response to changed consumer demand, said Peter Bailey, manager of market insights at Wine Australia.

Treasury Wine Estates Continues to Lose Share at All Price Points in US Wine Category, Jefferies Says

Treasury Wine Estates (ASX:TWE) continues to lose market share across all price points within the US wine category, and faces additional risk given continued US distributor disruption and the company's need to work through material excess channel inventory, Jefferies said in a Tuesday note.The investment firm issued the note after the release of Nielsen US wine category data for the four weeks to June 13, which showed sales in retail channels declining 3.2% year over year.Treasury Wine Estates "sharply underperformed" as its brands fell over 11% in value terms, compared with a 3.2% decline for the broader market, and slid 17.5% in volume terms versus a 5.7% broader market decline, the equity research firm said.The Nielsen data also indicates that the company's luxury portfolio declined 8.2% even as the overall luxury market grew almost 1%, with Treasury Wine's promotional intensity also falling more than the market."Our channel checks suggest distributor disruption is a factor, despite [Treasury Wine Estates'] commentary suggesting that California depletions has returned to growth," Jefferies said.It maintained a hold rating on Treasury Wine with a price target of AU$5.The company's shares gained 2% in recent Wednesday trade.

Treasury Wine Estates' Wind-Down of Non-Core Brands Brings Both Cost, Complexity, Jarden Says

Treasury Wine Estates (ASX:TWE) has a lot of work to do, particularly around the wind-down of non-core brands, which brings both costand complexity, Jarden said in a Thursday note.It has made short-term decisions to the detriment of the business long-term, Jarden said, compounded by US distributor issues and regulations in China. However, its new Chief Executive is taking decisive action and a customer-led approach, rebuilding trust in the supply chain. The firm seeks to rationalize its portfolio from around 76 brands to fewer than 30.The firm expected fiscal year 2026 earnings before interest, tax, material items, and self-generating and regenerating assets (EBITS) to reach AU$480 million to AU$490 million, 1% above consensus. Fiscal 2027 guidance was broadly in line with consensus, with management targeting at least equivalent performance.Jarden forecast fiscal 2026 EBITS of AU$487 million, at the higher end of the guidance range, but trimmed its fiscal year 2027 to fiscal year 2028 forecasts by around 5% to 6%.The investment firm retained its overweight rating on Treasury Wine Estates and its AU$5 per share price target.

Australian Shares Retreat; Treasury Wine Estates Projects Fiscal 2026 EBITS Outlook

Australian shares retreated on Thursday as renewed hostilities between the US and Iran began anew and peace talks showed ​little progress.The S&P/ASX 200 Index fell 1.13%, or 99.60 points, to close at 8,686.10.Brent crude oil futures fell to trade at around $96 per barrel after Lebanon and Israel agreed to a potential conditional ceasefire.Iron ore fell over 1% to $102.25 per tonne in Singapore after exports from Guinea's Simandou iron ore project rose in May.The main stock indices on Wall ​Street fell overnight, with the S&P 500 dropping 0.7% and the Nasdaq falling 0.9%, while the Dow Jones fell 1.2%.On the domestic front, Australia's goods balance recorded a seasonally adjusted surplus of AU$1.79 billion in April, up from a deficit of AU$1.02 billion in March, according to data published by the Australian Bureau of Statistics.Australia's economy faces mounting pressure from a softening labor market, stubborn inflation, and global energy uncertainty, weighing on growth and reshaping the property outlook, according to Bendigo Bank's Chief Economist, David Robertson.In company news, Treasury Wine Estates (ASX:TWE) expected fiscal year 2026 earnings before interest, tax, material items, and self-generating and regenerating assets (EBITS) to reach AU$480 million to AU$490 million. The firm projects fiscal year 2027 performance at least in line with the year prior, citing continued progress in normalizing customer inventory levels across China and the US.IperionX (ASX:IPX) said its definitive feasibility study for its Titan critical minerals project in the US returned an after-tax net present value of $813 million at an 8% discount rate, an after-tax internal rate of return of 39%, and an after-tax payback period of 3.6 years.Tasmea (ASX:TEA) declared a fully franked special dividend of AU$0.10 per share, representing a capital return of about AU$26.2 million. The dividend is payable June 25 to shareholders on record as of June 10. It also reconfirmed its fiscal year 2026 earnings guidance. Its shares earlier hit an all-time peak.

ASX Preview: Australian Shares Set to Fall as Oil Surges on Middle East Escalation; Treasury Wine Estates Projects Fiscal 2026 EBITS Outlook

Australian shares are poised to fall on Thursday as oil prices surged about 2% overnight amid renewed Middle East hostilities and stalled US-Iran talks, dampening sentiment across global markets.The gains in crude were driven by regional escalation after Iran fired ballistic missiles at Kuwait and Bahrain, reinforcing supply concerns alongside tighter inventory data.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.7%, 0.9%, and 1.2%, respectively.In the macroeconomy, investors are eyeing the speeches by Reserve Bank of Australia Governor Michele Bullock and Assistant Governor Christopher Kent.The international trade in goods report is due at 11:30 am Sydney time.In corporate news, Treasury Wine Estates (ASX:TWE) expected fiscal year 2026 earnings before interest, tax, material items, and self-generating and regenerating assets (EBITS) to reach AU$480 million to AU$490 million.Propel Funeral Partners (ASX:PFP) agreed to acquire three funeral service providers as well as related assets, infrastructure, and real estate in New Zealand for up to AU$9.1 million.Australia's benchmark index rose 0.7% or 61.3 points to close at 8,785.70 on Wednesday.

Treasury Wine Estates Projects Fiscal 2026 EBITS Outlook

Treasury Wine Estates (ASX:TWE) expected fiscal year 2026 earnings before interest, tax, material items, and self-generating and regenerating assets (EBITS) to reach AU$480 million to AU$490 million, according to a Thursday filing with the Australian bourse.The firm projects fiscal year 2027 performance at least in line with the year prior, citing continued progress in normalizing customer inventory levels across China and the US.The company also expects leverage to peak at around 2.9 times in fiscal year 2026 before easing back to target by the end of fiscal year 2028, driven by free cash flow, divestment proceeds, and earnings improvement, the filing added.

Treasury Wine Estates Chief Financial, Strategy Officer to Retire Earlier Than Planned

Treasury Wine Estates (ASX:TWE) said Chief Financial and Strategy Officer Stuart Boxer will retire on June 30, earlier than the previously planned Sept. 30 exit, according to a Tuesday filing with the Australian bourse.Justin Pipito, deputy chief financial officer, will assume the role of interim chief financial and strategy officer, effective June 1, per the filing.

Treasury Wine Estates Says JPMorgan Chase Becomes Substantial Holder

Treasury Wine Estates (ASX:TWE) received notice that JPMorgan Chase and its affiliates became a substantial holder of the company on Tuesday, according to a Friday filing with the Australian bourse.JPMorgan Chase now owns 44.3 million shares in the company, representing 5.48% of the issued shares, the filing said.

Morgans Financial Upgrades Treasury Wine Estates to Buy from Accumulate; Price Target is AU$5.30

ASX Preview: Australian Shares Set to Rise as Oil Steadies; Alkane Resources Posts Higher Fiscal Q3 Earnings, Revenue

Australian shares are poised to rise on Friday as oil prices held steady near recent highs, with Brent crude around $106 a barrel, after reports of limited but disrupted shipping through the Strait of Hormuz kept geopolitical supply risks elevated despite mixed signals on global demand and interest rate concerns.Overnight, the S&P 500 and the Dow Jones Industrial Average each rose 0.8%, while the Nasdaq Composite gained 0.9%.In the macroeconomy, investors are eyeing the release of the Melbourne Institute consumer inflation expectations report.In corporate news, Alkane Resources (ASX:ALK) reported Friday fiscal third-quarter earnings of AU$0.0675 per share on revenue of AU$274.4 million, compared with earnings of AU$0.0132 on revenue of AU$63.2 million a year earlier.Billionaire Olivier Goudet and Luxembourg's Platin have increased their stake in Treasury Wine Estates (ASX:TWE), with voting power rising to 9.04% from 8.14%.Australia's benchmark index rose 0.1% or 10.3 points to close at 8,640.70 on Thursday.

Billionaire Olivier Goudet, Platin Increase Stake in Treasury Wine Estates

Billionaire Olivier Goudet and Luxembourg's Platin have increased their stake in Treasury Wine Estates (ASX:TWE), with voting power rising to 9.04% from 8.14%, according to a Friday filing with the Australian bourse.Goudet and Platin, together as associates, owns 73 million shares of Treasury Wine Estates, following a series of on-market purchases.