Sales from six months to end of December decline by 16.6% to AUD1.3bn (US$917.2m)In line with previous half-year's estimated top-line slide of -14.4%'TWE Ascent' programme targets per-year cost improvement of AUD100m "across a two-to-three-year time period"Treasury Wine Estates has promised a "focus on modern refreshment... supported by disruptive innovation" in the months ahead, following a particularly troublesome latest half year.Six months on from posting a 6% lift in sales from the 12 months to the end of June - a performance hindered by a near-14.5% sales slump in the second half of fisc
Treasury Wine Estates struggles in first half, but bullish on road ahead – results data
‘Today’s results come at a time when we are already making meaningful progress with the decisive actions required to return TWE to a path of sustainable, profitable growth.’

Treasury Wine Estates has promised a “focus on modern refreshment… supported by disruptive innovation” in the months ahead, following a particularly troublesome latest half year.
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.


