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Drinkers at the premium end of the market are still spending, even after price rises across major brands – but lower sales of cheaper wines dragged on Treasury.
Despite its net profits falling by 3.3%, Treasury Wine Estates predicts a continuing improvement in performance in the next 12 months.
“The industry is overstocked to buggery, particularly with lower end red wine,” says winemaker Bruce Tyrrell. Treasury Wine is already making major changes.
" Non-Alcoholic Champagne and Sparkling Wine Market report focused on the comprehensive analysis of current and prospects of the Non-Alcoholic C
Treasury Wine Estates Limited (OTCMKTS:TSRYF – Get Free Report) dropped 1% during mid-day trading on Wednesday . The stock traded as low as $7.40 and last traded at $7.40. Approximately 1,566 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 8,423 shares. The stock had previously closed at […]