Penfolds Maker Treasury Says Asia Leads Wine Consumption Growth

Treasury Wine Estates Ltd. said it’s seeing strong sales in Asia thanks to the reestablishment of its China market, and announced an imminent share buyback.

The Australian vintner reaffirmed its earnings forecast for the 2025 financial year at about A$770 million ($499 million), according to an investor update released on Tuesday, in line with previous estimates. The company also flagged a share buyback of up to 5% of issued capital in August.