Australia's Treasury Wine Estates rises on outlook hike, settling dispute with US distributor

Treasury Wine Estates

10/02/2026 24:37

** Shares of Treasury Wine Estates TWE.AX rise as much as 8.1% to A$5.590, their highest level since January 21

** Stock marks its biggest one-day gain since late September 2024

** TWE among top gainers in the ASX200 benchmark index .AXJO

** Co settles dispute with U.S. distributor, Republic National Distributing Company (RNDC), following the closure of its operations in California, U.S., in September 2025

** TWE will repurchase Treasury Americas and Treasury Collective portfolio inventory held by RNDC in California for the original sale value, net of compensation for the impact of RNDC's closure in California

** Hikes 1H26 EBITS of A$236 million ($167.06 million) from the previous range of A$225 million to A$235 million

** TWE stock up 4.4% this year, including the day's move

   ($1 = 1.4126 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)

 ((Sameer.Manekar@thomsonreuters.com;))