Treasury Wine Estates (TWE) has scrapped its fiscal 2026 earnings guidance, citing an "uncertain outlook" for Penfolds and its Treasury Americas business. “As a result of the uncertain outlook in relation to Penfolds and Treasury Americas, TWE has formed the view that it is no longer appropriate to retain its guidance for EBITS growth at a group level in F26,” the Lindemans brand owner said in a trade update today (13 October). The company’s update today has prompted a sharp market reaction, with the val ...