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Treasury Wine Estates removes full-year earnings guidance amid China ‘softness’
By James Beeson2025-10-13T09:35:00
Sales of its Penfolds label in China had been weaker than anticipated over the past quarter, Treasury said
Treasury Wine Estates has removed its full-year earnings guidance and paused a A$200m (£98m) share buy-back programme, citing weak sales of its Penfolds brand in China and distribution changes in the US.
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