Penfolds the jewel at Treasury Wine Estates
Penfolds the jewel at Treasury Wine Estates Simon Evans Share Penfolds owner Treasury Wine Estates says it is performing better than expected in the first few months of the second half of 2020-21 and that earnings are likely to be between $495 million to $515 million for the full year, a touch higher than market consensus expectations of around $480 million. The company announced to the ASX on Thursday ahead of an investor day briefing by chief executive Tim Ford and his management team that it was likely to produce profit growth of around 33 per cent in the June-half. Penfolds owner Treasury...