Treasury Wine Estates Ltd

TWE: XASX (AUS)
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Treasury Wine Estates Earnings: Clearing the Decks Under New CEO

Treasury's interim fiscal 2026 underlying EBIT of AUD 236 million crashed 40% on last year. Reduced Penfolds shipments to China, and weak US demand weighed heavily. The company suspended dividends and took an AUD 988 million pretax impairment to its US assets.

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