ASX:TWEBeverage
Why Treasury Wine Estates (ASX:TWE) Is Down 10.5% After New Cost-Cut Plan And Guidance Withdrawal
Earlier this month, Treasury Wine Estates launched its TWE Ascent transformation program, targeting A$100.00 million in annual cost savings, cancelling its A$200.00 million share buyback, and withdrawing fiscal 2026 earnings guidance amid weaker luxury wine demand and inventory issues in the US and China.
The new CEO, Sam Fischer, is reshaping the group with a smaller, leaner operating model that prioritises brand protection for Penfolds, balance sheet flexibility, and potential asset sales...