Treasury Wine Estates profit slides as US reset weighs on year
Treasury Wine Estates reported fiscal-year revenue down 12.8% to A$2.56 billion, with shipments down 9.9% and revenue per case falling 3.3%. Americas revenue dropped 20.7% as EBITS fell 65.3%. Net income swung to a A$1.08 billion loss, largely from US asset impairments and restructuring, prompting steps to rebalance supply including reduced North Coast make sizes from vintage 2026.