Treasury Wine Estates Takes $687 Million Hit as US Demand Weakens

Merci ! Partagez avec vos amis !

Vous avez aimé cette vidéo, merci de votre vote !

Ajoutées 3 heures by

5 Vues

Treasury Wine Estates has announced a $687 million writedown on its US business as declining consumer demand and a deteriorating wine market continue to pressure earnings. The company, led by CEO Sam Fischer, faces ongoing challenges in the American market, prompting a strategic reassessment of its premium and mainstream portfolios.

#TreasuryWineEstates #Penfolds #WineMarket #USMarket #Writedown #ASX #ConsumerTrends #WineIndustry #EarningsUpdate #MarketSlowdown #GlobalWineDemand #BusinessStrategy #CorporateNews #AustralianStocks #WineBusiness #FinancialUpdate #MarketOutlook #EconomyWatch #InvestorNews #IndustryChallenges
World News with in-depth analysis – trusted & transparent! Kalkine Media is on a mission to empower its viewers with quality news coverage from across the globe. Tune into Kalkine Media’s LIVE market news coverage, exclusive corporate interviews, expert talks, and trending stories of the day.

Check out Kalkine Media on mobile and download our app for iPhone and Android. Stay Apprised, Invest Wise!
For Android- bit.ly/3Gqlrpk
For Apple- bit.ly/3WVTMBY

Check out our media Website ???? https://kalkinemedia.com/au
Follow us and stay updated on the Go with the Market Charter ????????
Facebook - https://www.facebook.com/kalkineau/
Twitter - https://twitter.com/kalkineau
LinkedIn - https://www.linkedin.com/company/4829818