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Stock impact report

Treasury Wine Estates targets cuts amid US, China woes [Yahoo! Finance]

TREASURY WINE EST S/ADR (TSRYY) 
NASDAQ:AMEX Investor Relations: tweglobal.com/investors
Company Research Source: Yahoo! Finance
Shares in Treasury Wine Estates (TWE) sank to their lowest level in a decade today (17 December) after the Penfolds maker's update, which included cancelling a stock buy-back. Fischer, who joined in October, said: “We are currently experiencing category weakness in the US and China, two of our key growth markets, which will impact our business performance in the near-term. Maintaining the strength of our brands and the health of their respective sales channels is of critical importance to our management team and our board as we navigate through the current environment.” It is not the first time this year that TWE has flagged problems in the US and China. At the start of December , the Frank Family Vineyards brand owner forecast an impairment on its US assets, amounting to at least A$687.4m (then $450m). In October, the Australian wine major also withdrew its fiscal 2026 earnings guidance due to an “uncertain outlook” for its Penfolds brand in China and Treasury Americas busin Show less Read more
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