Six-month sales dip 2.3% to AUD1.28bn (US$828.9m)
Penfolds operations up 8.2% from six months to end of December at AUD448.1m
Treasury Americas slides 6.5%, 'Premium Brands' down 7.9%
The announcement was made in today's announcement of six-month results that saw sales in the half-year to the end of December fall by just over 2%. The slip represents an improvement on the -4.9% sales performance in fiscal 2023, to the end of June last year.
On the figures front, Treasury enjoyed a healthy performance from its Penfolds brand, which rose in sales-by-value terms by 8.2%. The strong show
Treasury Wine Estates to split ‘premium’ from ‘luxury’ – results data
Treasury Wine Estates is due to review its operating model with a view to “considering [the] ‘commercial’ brands” housed in its ‘Premium Brands’ unit.

Olly has been reporting on the beverage industry as a B2B journalist since 2003. He spent 18 years at Just Drinks, 16 of which as managing editor. Since joining Global Drinks Intel in 2022, he's interviewed the CEOs for brand owners including AB InBev, Campari Group, Carlsberg, Heineken and Suntory Global Spirits and has a bulging contacts book from across beverage alcohol worldwide.



