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

Last updated: 16/08/2023 at 12:00 AM

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.

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

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AB InBev
Bacardi
Campari Group
Diageo
Moët Hennessy
Pernod Ricard
Proximo Spirits
Suntory Global Spirits
William Grant & Sons

TAGGED:Treasury Wine Estates

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.