Treasury Wine Estates Limited (AU:TWE)
ASX:TWE
Earnings Data
Report Date
Aug 19, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.17Last Year’s EPS
0.28Same Quarter Last Year
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call presented a mixed picture: underlying brand momentum (notably Penfolds and select U.S. premium brands), EBITS slightly ahead of guidance, healthy liquidity and clear cost-saving targets are positive. However, the company recorded a very large noncash U.S. impairment (post-tax $751m) leading to a statutory NPAT loss of $626m, experienced margin compression (NSR per case -5%; EBITS margin down 7ppt), weakened operating cash flow (down 38.1%) and reclassified significant inventory into noncurrent. Management is taking decisive actions (shipment restrictions, inventory reduction, RNDC settlement, dividend suspension, and the TWE Ascent program) to repair the balance sheet and restore growth, but the sizable impairment and short-term cash and margin pressures outweigh the operational positives on this call.Company Guidance
EBITS Ahead of Guidance
Reported EBITS of $236 million in H1 FY26, slightly ahead of guidance provided in December; management expects H2 EBITS to be higher than H1.
Strong Penfolds Demand and Depletions
Penfolds H1 EBITS $201 million; combined depletions for Bin 389 and 407 up 11%; China depletions up 17% (Aug–Dec). Penfolds full-year EBITS expected to be ~ $400 million with an EBITS margin of ~40%.
Positive Brand Momentum Outside Key Disruptions
Treasury Americas showed depletions growth outside California led by DAOU, Frank Family and Stag's Leap; Treasury Collective showed positive depletions in Australia led by Pepperjack, Matua and Squealing Pig. Treasury Americas H1 EBITS $44 million; Colony/Treasury Collective H1 EBITS $28.1 million; Treasury Collective expected to improve in H2.
Liquidity and Leverage Management
Leverage reported at 2.4x (in line with guidance) and liquidity remains healthy with $1 billion of cash and committed undrawn facilities; no meaningful debt maturities until June 2027 and headroom to covenant.
Active Balance Sheet and Inventory Actions
Management has restricted Penfolds shipments to reduce parallel imports and commenced a planned reduction of U.S. and China customer inventory (~200,000 cases reduced in Treasury Collective in H1) with a 2-year timeline to rebalance supply and demand.
TWE Ascent Transformation Program
Multiyear program progressing with management confident in delivering $100 million per annum of cost savings from FY27 (over a 2–3 year period), plus potential portfolio rationalization and additional cash benefits.
Pre-material items profitability and EPS
Excluding material items, net profit after tax was $128 million in H1 and EPS was $0.158 per share, indicating operational profitability before the impairment impacts.
AU:TWE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AU:TWE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Aug 12, 2025 | AU$7.43 | AU$7.52 | +1.18% |
Feb 12, 2025 | AU$10.66 | AU$10.05 | -5.74% |
Aug 14, 2024 | AU$11.39 | AU$11.62 | +1.98% |
Feb 14, 2024 | AU$10.27 | AU$10.61 | +3.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Treasury Wine Estates Limited (AU:TWE) report earnings?
Treasury Wine Estates Limited (AU:TWE) is schdueled to report earning on Aug 19, 2026, TBA (Confirmed).
What is Treasury Wine Estates Limited (AU:TWE) earnings time?
Treasury Wine Estates Limited (AU:TWE) earnings time is at Aug 19, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Treasury Wine Estates Limited stock?
The P/E ratio of Treasury Wine Estates Limited is N/A.
What is AU:TWE EPS forecast?
AU:TWE EPS forecast for the fiscal quarter 2026 (Q4) is 0.17.