Lower-priced drag endures for Treasury Wine Estates but ‘luxury’ leads – results data

Full-year sales to end of June increase 6.1% to AUD2.94bn (US$1.91bn)Second half of fiscal 2025 declines by estimated 14.4% following H1's 20.5% leap in salesPenfolds sales up in full year by 6.8%Treasury Wine Estates has surpassed its pre-pandemic annual sales - finally - booking a 6% top-line lift from the 12 months to the end of June.In a set of results skewed by the timing of the acquisition of California's Daou Vineyards business in late 2023, the group appeared to be down markedly (-14.4%) in the second half of its fiscal 2025 on H1's 20.5% sales jump. The six-month performances display