Penfolds Maker Treasury Scraps 2026 Guidance on China, US Uncertainty

BloombergSunday, October 12, 2025 at 9:43:11 PM
Penfolds Maker Treasury Scraps 2026 Guidance on China, US Uncertainty
Treasury Wine Estates Ltd., known for its Penfolds brand, has faced a significant setback as its shares plummeted to a decade low. The company has withdrawn its earnings guidance for the 2026 financial year and halted a planned share buy-back, citing uncertainty in key markets like China and the US. This decision highlights the challenges the wine industry is currently grappling with, making it crucial for investors and stakeholders to reassess their strategies in light of these developments.
— via World Pulse Now AI Editorial System

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