Sales from 12 months to end of June rise 4.4% to AUD2.74bn (US$1.81bn)Including Daou Vineyards, top-line jumps 10.7%Penfolds soars on China return, climbing 21.2% to AUD1bn'Americas' flat (+0.6%) on year prior, 'Premium Brands' drags at -8.9%A combination of the removal of tariffs in China and the addition of Daou Vineyards in California has propelled Treasury Wine Estates back into sales growth after a protracted period in negative territory.Back in February, the Penfolds owner booked a 2.3% fall in sales from the six months to the end of December. Since then, Treasury has benefitted from the
Treasury Wine Estates sales surge as business redraw begins – results data
Twelve-month sales have returned – finally – to pre-Covid levels for the group.

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.



