Australia's Treasury Wine stares at worst week in more than six months

Treasury Wine Estates

17/10/2025 01:38

** Shares of Treasury Wine Estates TWE.AX rise 2.5%, but down 8% so far this week - set for their biggest weekly fall since the week ended April 4

** Winemaker withdrew on Monday its earnings forecast for 2026, suspended plans for a A$200 million ($129.62 million) share buyback

** Cited weak sales of its flagship Penfolds wines in China and U.S. distribution challenges

** Stock fell to its lowest level since September 2015 on Monday

** YTD, TWE down 43.3%

($1 = 1.5430 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))