New Zealand's Foley Wines FY26 profit jumps as premium strategy lifts margins

Foley Wines

28/08/2026 03:21

Overview
New Zealand wine producer's FY26 bottled sales revenue fell 5.4%, bottled case sales down 9.5%
Operating earnings and profit after tax rose sharply, driven by premiumisation strategy
Company declared final dividend of 2cps fully imputed for FY26

Outlook
Company says it is cautiously optimistic for the next year with improved market conditions
Foley Wines expects to be well positioned to sell through the 2026 vintage in a timely manner

Result Drivers
PREMIUMISATION STRATEGY - Co said focus on selling higher quality, more valuable wines helped protect margins in a competitive market
DISTRIBUTION PARTNERSHIPS - Co said working closely with distribution partners helped maintain margin and support sales
REGIONAL SALES PERFORMANCE - Co said China delivered growth, strong sales in UK/Europe, US and Australia remained challenging

Company press release: ID:nNZW6ldNlm

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
NZ$67.90 mln
 
FY Net Income
 
NZ$2.93 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)