InvestSMART

Treasury Wine Estates Limited (ASX:TWE)

ALERT: Price-sensitive ASX Announcement for TWE
Current share price for TWE : $4.730 -2.25 (-32.23%)+
Announcement
Release
13 Oct 2025 8:25AM
Price at Release
$6.980
Full Release
download
Summary
Treasury Wine Estates Limited (TWE) provided an update on its F26 performance expectations, detailing challenges and adjustments in its Penfolds and Treasury Americas operations. The company reported difficulties in meeting its depletion targets in China due to changing alcohol consumption trends, particularly affecting large-scale events. Consequently, TWE has withdrawn its previous EBITS growth guidance for Penfolds in F26 and F27. To mitigate the impact, TWE is exploring reallocating products to other markets while avoiding parallel imports to China. In the U.S., TWE's Treasury Americas division faces distribution challenges in California, affecting shipments and financial forecasts. The discontinuation of operations by its distributor, RNDC, is expected to negatively impact its F26 net sales revenue by approximately A$50 million. Due to these uncertainties, TWE has also paused its share buy-back program and retracted its group-level EBITS growth guidance for F26.
Key Points
  • Penfolds faces challenges in achieving depletion targets in China.
  • TWE withdraws EBITS growth guidance for F26 and F27.
  • Product reallocation strategies are being considered for other markets.
  • Treasury Americas impacted by distributor transition in California.
  • Potential A$50 million negative impact on F26 NSR due to distributor changes.
  • Group-level EBITS growth guidance for F26 has been retracted.
  • Share buy-back program paused due to trading uncertainties.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.