Treasury Wine shares jump on strong FY earnings, upbeat outlook
Investing.com-- Shares of Treasury Wine Estates (OTC:TSRYF) (TWE) rose on Wednesday after the company posted a sharp jump in full-year profit, buoyed by strong sales of its Penfolds brand and the first full-year contribution from California’s DAOU Vineyards.
Net profit after tax excluding material items for the year ended June 30 climbed 15.5% to A$470.6 million. Revenue grew 6.8% to A$2.94 billion, the company announced on Wednesday.
Sydney-listed shares of the company jumped as much as 5.6% to a two-week high of A$8.06. The stock traded 2.6% higher at A$7.83 as of 01:40 GMT.
TWE said growth was led by a strong return of its Australian-sourced Penfolds portfolio to China and solid momentum across key Asian markets.
The company announced a share buyback of up to A$200 million and forecast another year of earnings growth in fiscal 2026, underpinned by Penfolds and integration synergies from DAOU.
It declared a final dividend of 20 Australian cents per share, up from 19 cents a year earlier.
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