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Penfolds Maker Treasury Scraps 2026 Guidance on China, US Uncertainty
Yahoo Finance· 2025-10-12 23:08
Bottles of Yellowglen sparkling wine, produced by Treasury Wine Estates Ltd., are served at a bar in Melbourne, Australia. Shares in Treasury Wine Estates Ltd. dropped to a 10-year low after the Australian vintner scrapped its earnings guidance for the 2026 financial year and paused a planned share buy-back due to uncertain outlooks in two of its major markets. Most Read from Bloomberg The producer behind the iconic Penfolds brand cited lower-than-expected stock depletions in China throughout September, ...