Treasury Wine Jumps Most in 12 Years on Strong China Results
Bottles of Penfolds wine, produced by Treasury Wine Estates Ltd., at a liquor store in Sydney, Australia.
Photographer: Brendon Thorne/BloombergShares in Treasury Wine Estates Ltd. rose the most in 12 years after the Australian vintner announced a sharp jump in the amount of product shifting to retailers in key markets.
Sales of the company’s flagship Penfolds brand from distributors to front-end retailers — known as depletions — rose 40% in China in the three months ended February 2026 versus the quarter ended January 2025, a comparison that was seasonally adjusted to account for the Lunar New Year holiday.