Treasury Wine Estates Limited ( (AU:TWE) ) just unveiled an announcement.
Treasury Wine Estates has announced that the newly imposed 10% tariff by the United States on goods imported from Australia and New Zealand is expected to have minimal impact on its operations. This is due to the composition of its Treasury Americas portfolio, where the majority of its earnings are derived from US-produced wines, minimizing the effect of the tariffs on its business performance.
More about Treasury Wine Estates Limited
Treasury Wine Estates Limited is a prominent player in the wine industry, focusing on the production and distribution of wine. The company operates globally, with a strong presence in the United States through its Treasury Americas division, which includes a luxury wine portfolio featuring brands like DAOU, Frank Family Vineyards, and Beringer.
YTD Price Performance: -9.02%
Average Trading Volume: 646
Technical Sentiment Signal: Buy
Current Market Cap: $4.98B
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