Sales in fiscal 2022 - to end of June - decline 4.7% to AUD2.48bn (US$1.72bn)Premiumisation in US continues: 'Treasury Americas' sales +11.6% at AUD963.4mPurchases majority control of Bordeaux wine estate
Treasury Wine Estates has its premium wine presence in the US to thank for offsetting the effective removal of its mainland China business, during the 12 months to the end of June.
The group, which had been enjoying great success in China prior to the end of 2020, has reported a near-5% sales dip in its fiscal 2022. The decline is skewed by the offload of a raft of "commercial" brands
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