Treasury Wine Estates Flags $395 Million Writedown Due to US Supply Issues

Australian vintner Treasury Wine Estates Ltd. has announced a A$558.4 million ($395 million) post-tax writedown ahead of its full-year earnings, attributed to efforts to address supply chain problems in its US market.

9 Aug, 23:19 — 9 Aug, 23:19

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bloombergHigh24d ago

Treasury Wine Flags $395 Million Writedown Over Excess US Supply

Australia vintner Treasury Wine Estates Ltd. has flagged a A$558.4 million ($395 million) post-tax writedown ahead of its full year earnings on Thursday, as part of a broader effort to tackle supply chain problems in its US market.

By Ben Westcott

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Treasury Wine Estates Flags $395 Million Writedown Due to US Supply Issues

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Treasury Wine Flags $395 Million Writedown Over Excess US Supply

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