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Treasury Wine Estates Limited (ASX:TWE)

ALERT: Price-sensitive ASX Announcement for TWE
Current share price for TWE : $5.150 -0.28 (-5.16%)+
Announcement
Release
10 Aug 2026 8:46AM
Price at Release
$5.430
Full Release
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Summary
Treasury Wine Estates Limited (TWE) announced actions to rebalance its US supply chain, aimed at improving future returns for its Americas business. The company plans to reduce North Coast vintage sizes starting 2026 by fallowing vineyards, which will also involve asset impairments to reflect lower future utilization. Additionally, TWE intends to write down inventory, mainly bulk wine, and manage this through sales into bulk wine markets and internal reclassification. These initiatives, part of the ongoing strategic and operational review of TWE's Americas business, will result in a $558.4 million post-tax material item charge in its 2026 financial results. This charge is incremental to previous impairments recognized and includes brand impairments for DAOU, Frank Family Vineyards, and Beaulieu Vineyard. Despite these adjustments, TWE’s unaudited EBITS for FY26 are expected to be $492.3 million, exceeding prior guidance, with expectations for FY27 EBITS to remain robust.
Key Points
  • TWE plans to rebalance its US supply chain to improve future returns.
  • Actions include reducing North Coast vintage sizes and fallowing vineyards.
  • There will be non-cash write-downs on US-based assets and brand impairments.
  • A $558.4 million post-tax charge is expected for FY26 results.
  • Despite these actions, TWE's unaudited EBITS for FY26 are ahead of expectations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.