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 ...

(Corrects to remove extraneous hyphen in headline, no other changes to text) By Christine Chen and Shivangi Lahiri SYDNEY (Reuters) -Australia's Treasury Wine Estates on Monday pulled its earnings guidance for 2026 and paused an A$200 million ($130 million) share buyback, citing weak sales of its flagship Penfolds wines in China and distribution challenges in the U.S. The announcement sent shares of Treasury, one of the world's top five winemakers by volume, down 14% to A$5.99, their lowest point in mor ...

Bottles of Yellowglen sparkling wine, produced by Treasury Wine Estates Ltd., are served at a bar in Melbourne, Australia. Shares in Treasury Wine Estates Ltd. dropped to a 10-year low after the Australian vintner scrapped its earnings guidance for the 2026 financial year and paused a planned share buy-back due to uncertain outlooks in two of its major markets. Most Read from Bloomberg The producer behind the iconic Penfolds brand cited lower-than-expected stock depletions in China throughout September, ...