Treasury Wine Estates Limited

Treasury Wine Estates Limited Earnings Recaps

TWE.AX Consumer Staples 1 recap
Next earnings: August 19, 2026 (estimated) · full calendar
Q4 2026 Aug 15, 2026

Shares rose modestly by 1.9% as Treasury Wine Estates delivered results largely in line with expectations, supported by Penfolds' strong depletions growth and margin management, even as margin compression and ongoing transformation-related headwinds temper enthusiasm.

Key takeaways
  • FY26 EBITS came in at $492 million, slightly ahead of guidance, driven by strong fourth-quarter Penfolds performance.
  • Statutory NPAT was a loss of $1.1 million due to a $558 million noncash impairment related to U.S. supply chain rebalancing.
  • NSR per case declined 3%, reflecting portfolio mix and deliberate reductions in parallel imports and inventories, notably in China.
  • EBITS margin contracted to 19%, impacted by lower NSR and higher operating costs amid transformation efforts.
  • Penfolds maintained solid depletions growth across China, Asia, and Australia; Treasury Americas saw U.S. depletions return to growth in the second half despite first-half supply disruptions.
Full recap

Go deeper on TWE.AX and the wider market.

All earnings recaps Browse the latest results across the market. Stock directory Browse companies by sector and market. Highest-yield stocks A curated screen of top dividend payers. Investing glossary Plain-English definitions for every metric.