Australia's Treasury Wine Estates rises on outlook hike, settling dispute with US distributor
Shares of Treasury Wine Estates TWE.AX rise as much as 8.1% to A$5.590, their highest level since January 21
Stock marks its biggest one-day gain since late September 2024
TWE among top gainers in the ASX200 benchmark index .AXJO
Co settles dispute with U.S. distributor, Republic National Distributing Company (RNDC), following the closure of its operations in California, U.S., in September 2025
TWE will repurchase Treasury Americas and Treasury Collective portfolio inventory held by RNDC in California for the original sale value, net of compensation for the impact of RNDC's closure in California
Hikes 1H26 EBITS of A$236 million ($167.06 million) from the previous range of A$225 million to A$235 million
TWE stock up 4.4% this year, including the day's move
($1 = 1.4126 Australian dollars)
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