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Treasury Wine Estates Limited ( (AU:TWE) ) has issued an announcement.
Treasury Wine Estates Limited announced updates on its F26 performance expectations, highlighting challenges in the Chinese market for its Penfolds brand due to evolving consumption dynamics and weak depletions. The company is implementing strategies to mitigate these impacts by reallocating products to other markets. In the Americas, the company faces uncertainties due to a distribution transition in California, impacting its shipments and financial outlook. Treasury Wine Estates is negotiating with its former distributor to manage inventory and minimize financial impacts, but has withdrawn its guidance for EBITS growth in both Penfolds and Treasury Americas for F26.
The most recent analyst rating on (AU:TWE) stock is a Buy with a A$9.90 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
More about Treasury Wine Estates Limited
Treasury Wine Estates Limited is a global wine company known for its premium wine brands, including Penfolds. The company operates in the wine industry, focusing on the production, marketing, and sale of wine products across various international markets.
YTD Price Performance: -35.56%
Average Trading Volume: 4,665,734
Technical Sentiment Signal: Sell
Current Market Cap: A$5.66B
For an in-depth examination of TWE stock, go to TipRanks’ Overview page.