Treasury Wine Estates Ltd

TWE: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Despite Some Strong Brands Like Penfolds, Treasury Lacks an Economic Moat in Aggregate

Angus Hewitt

Aug 14, 2025

Business Strategy and Outlook

Treasury Wine Estates is increasingly focusing on building high-end brands in its portfolio, particularly in luxury and premium wine. With this focus, the company's revenue from higher-end wines has risen above 80% in fiscal 2025 from less than half in early 2014, both from growth in its higher-end products and purposeful reduction of low-end, or commercial, wine sales.

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United States

Treasury Wine Estates Ltd

Despite Some Strong Brands Like Penfolds, Treasury Lacks an Economic Moat in Aggregate

Business Strategy and Outlook

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