Australia's Treasury Wine reviews Americas operations to boost returns, shares jump
04/06/2026 01:21
Australia's Treasury Wine reviews Americas operations to boost returns, shares jump June 4 (Reuters) - Australia's Treasury Wine Estates TWE.AX said on Thursday that it was reviewing its Americas operations to improve returns and long-term shareholder value, sending its shares up more than 12% in early trade.
Shares of the company rose as much as 12.6% to A$4.640, heading for their best session since April 22 and hitting their highest level since May 25.
(Reporting by Rajasik Mukherjee; Editing by Subhranshu Sahu)
Recent news on Treasury Wine Estates
See all newsMorningstar cuts Treasury Wine Estates' fair value, flags weaker earnings outlook
Treasury Wine may age better in private cellar
Treasury Wine may age better in private cellar
Australia's Treasury Wine Estates gains on review of Americas operations
Brief: Treasury Wine Says F26 EBITS Expected To Be In Range Of A$480-A$490 Million