ASX:TWEBeverage
Assessing Treasury Wine Estates (ASX:TWE) Valuation Following Withdrawn Guidance and China/US Sales Headwinds
Treasury Wine Estates (ASX:TWE) announced it is withdrawing earnings guidance for the next financial year and pausing its share buy-back, following softer Penfolds sales in China and ongoing uncertainty in the US market.
See our latest analysis for Treasury Wine Estates.
This tough guidance reset comes after a string of challenges for Treasury Wine Estates, including weaker Penfolds sales in China and distribution hurdles in the US. The share price plunged over 15% to a decade low after the...