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Treasury Wine Estates retains positioning reset as 12-month sales slip – results data

Olly Wehring
Last updated: 16/08/2023 at 12:00 AM
By Olly Wehring
16 August 2023
1 Min Read

Treasury Wine Estates has closed its fiscal 2023 down by almost 5% as the group’s pivot towards the more expensive end of the wine category continues.


Treasury Wine Estates Portfolio 2022
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Twelve-month sales - to end of June - decline 4.9% to AUD2.42bn [US$1.57bn] Higher-end Penfolds business offsets 'premium' portfolio travails 'Americas' division slides 18.4% on lower 2020 harvest in California and 'premium' declines Treasury Wine Estates has closed its fiscal 2023 down by almost 5% as the group's pivot towards the more expensive end of the wine category continues. Six months after reporting a 1.1% dip in sales from the second half of calendar 2022, the Australia-headquartered giant said today that performance in the six months to the end of June slowed more mark

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TAGGED:Treasury Wine Estates
Olly Wehring
ByOlly Wehring
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.
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