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Treasury Wine Estates profit falls on lower US sales
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +1 min
Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014. REUTERS/David Gray/File PhotoAug 15 (Reuters) - Australia's Treasury Wine Estates (TWE.AX) reported a 3.3% fall in annual profit on Tuesday, mainly hurt by a decline in wine sales in the United States. A decline in shipment of premium products and low availability of luxury wines pressured sales at the Treasury America segment, the largest contributor to the winemaker's revenue. The company reported a net profit after tax of A$254.5 million for the year ended June 30, compared with A$263.2 million a year earlier. Reporting by Nausheen Thusoo and John Biju in Bengaluru; Editing by Shinjini Ganguli and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Persons: David Gray, John Mullen, Paul Rayner, Nausheen Thusoo, John Biju, Shinjini Ganguli, Shounak Organizations: Treasury Wine Estates, REUTERS, Wine Estates, Treasury America, Thomson Locations: Grange, Sydney, Australia, United States, Melbourne, Bengaluru
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