Treasury Wine's Earnings Remain Under Pressure -- Market Talk

Dow Jones03-25 06:12

2203 GMT [Dow Jones]--Risks to Treasury Wine Estates's earnings and balance sheet are becoming more concerning, says Jefferies. They overshadow a very low multiple, given the value of Treasury Wine's land, inventory and its high-end Penfolds wine brand. Jefferies reduces its price target on Treasury Wine by 20% to A$4.00/share. "We cut our estimates for Treasury Americas and Collective from FY27 onwards by 6-8% to reflect our view that U.S. distributor disruption will be ongoing," analyst Michael Simotas says. It highlights RNDC's sale of 11 markets to Reyes Beverage Group. RNDC distributes for Treasury Wine in nine of these markets. Jefferies sees potential for significant disruption risk and reduced focus on wine, particularly in the seven markets Reyes already operates in. Treasury Wine ended Tuesday at A$3.55. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 24, 2026 18:12 ET (22:12 GMT)

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They overshadow a very low multiple, given the value of Treasury Wine's land, inventory and its high-end Penfolds wine brand. Jefferies reduces its price target on Treasury Wine by 20% to A$4.00/share. \"We cut our estimates for Treasury Americas and Collective from FY27 onwards by 6-8% to reflect our view that U.S. distributor disruption will be ongoing,\" analyst Michael Simotas says. It highlights RNDC's sale of 11 markets to Reyes Beverage Group. RNDC distributes for Treasury Wine in nine of these markets. Jefferies sees potential for significant disruption risk and reduced focus on wine, particularly in the seven markets Reyes already operates in. Treasury Wine ended Tuesday at A$3.55. 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